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US Spot-Bitcoin ETFs Add $79.15 Million, Marking Third Straight Day of Inflows

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Forecast Trend Report by Period

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Photo: Rokas Tenys/Shutterstock
Photo: Rokas Tenys/Shutterstock

US spot-Bitcoin exchange-traded funds recorded net inflows for a third consecutive trading day.

Data from on-chain analytics platform SoSoValue showed that US spot-Bitcoin ETFs posted combined net inflows of $79.15 million a day earlier.

BlackRock's IBIT attracted the most new money, with daily net inflows of $33.4438 million. Its cumulative net inflows since launch reached $60.353 billion.

Fidelity's FBTC was next, with daily net inflows of $30.7255 million. Its cumulative net inflows totaled $9.974 billion.

Total net assets in spot-Bitcoin ETFs now stand at $77.72 billion. That amounts to 6.04% of Bitcoin's total market capitalization. Cumulative net inflows reached $51.22 billion.

Even as the digital-asset market undergoes a short-term correction, money continues to flow into spot-Bitcoin ETFs, drawing attention to whether institutional demand can help support the market's floor.

#Crypto ETF

minriver@bloomingbit.ioHello, I'm a reporter at bloomingbit

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