US-listed spot Bitcoin exchange-traded funds (ETFs) saw their fifth consecutive day of positive performance, attracting around $106 million on Wednesday. BlackRock's iShares Bitcoin Trust (IBIT) had the highest net inflows with approximately $184 million. Bitwise's Bitcoin ETF (BITB) added around $2 million in new capital, while Fidelity's Bitcoin Fund (FBTC) and ARK Invest/21Shares's Bitcoin ETF (ARKB) faced outflows of approximately $33 million and $47 million, respectively. The Grayscale Bitcoin Trust (GBTC) did not see any flows. Since being converted into an ETF, GBTC has experienced over $20 billion in outflows, but the outflow rate has slowed down in recent weeks. With GBTC's outflow slowing and capital flowing to other funds, particularly BlackRock's IBIT, the US spot Bitcoin ETFs have collectively attracted about $246 million in net inflows so far this week.
- Content Editor ( cryptobriefing.com )
- 2024-09-26
US Bitcoin ETFs secure 5-day inflow streak as BlackRock rakes in $184 million