US Bitcoin Spot ETF Sees $608 Million Inflow This Week: Key Insights on Major Funds

In a significant development in the cryptocurrency landscape, recent data from Farside Investors reveals that the cumulative net inflow for U.S. Bitcoin spot ETFs has reached $608 million this week. Leading the charge is the BlackRock IBIT ETF, which reported an impressive net inflow of $841.7 million. Conversely, the Fidelity FBTC ETF experienced a net outflow of $122.2 million, while Bitwise BITB and ARK ARKB also posted declines of $14.9 million and $68.8 million, respectively. Other notable entrants include JPMorgan’s BTCO, with a modest outflow of $2.5 million, and VanEck’s HODL, which saw a slight inflow of $7.3 million. Grayscale’s offerings varied, with GBTC down by $72 million and its BTC Mini product gaining $39.8 million. This data indicates a dynamic shift in investor sentiments and strategic allocations within the crypto sector.