Bitcoin (BTC) ETFs See 12 Consecutive Days of Positive Inflows: Leading Companies Revealed

  • Spot Bitcoin ETFs in the U.S. witnessed a significant daily net inflow of $28.32 million on Wednesday.
  • This marks the 12th consecutive day of net inflows, the longest streak since late February.
  • BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $24.5 million in new funds.

Discover the latest trends and insights in the world of Bitcoin ETFs, highlighting key players and market movements.

BlackRock’s IBIT Leads Net Inflows in Spot Bitcoin ETFs

According to SoSoValue data, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $24.5 million in new funds, leading the pack in net inflows. This performance solidified IBIT’s position as the largest Bitcoin ETF by net assets under management, a title it secured just a day earlier.

Comparative Performance of Major Bitcoin ETFs

In contrast, Grayscale’s Bitcoin Trust (GBTC) experienced a net outflow of $31 million, further widening the gap between GBTC and IBIT. Fidelity’s Fidelity Bitcoin Trust (FBTC), the third-largest spot Bitcoin ETF, followed IBIT with $18 million in net inflows. Additionally, Bitwise’s ETF saw an $11 million net inflow, while ETFs from Ark Invest, 21Shares, Invesco, Galaxy Digital, and WisdomTree reported smaller but positive inflows.

Conclusion

Overall, the 11 spot Bitcoin ETFs achieved over $2 billion in net inflows over the past 12 days, bringing the cumulative total to $13.76 billion since January. This trend underscores growing investor confidence and interest in Bitcoin ETFs as a vehicle for cryptocurrency investment. As the Bitcoin ETF market shows robust activity, U.S. ETF issuers are also preparing for the launch of spot Ethereum ETFs, pending SEC approval of their S-1 forms.

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