U.S. Bitcoin exchange-traded funds (ETFs) saw a positive shift on Wednesday, with inflows after two days of outflows. A total of 11 ETFs in the United States garnered $100.9 million, with Fidelity’s FBTC leading the pack.
Fidelity’s FBTC emerged as the top performer, attracting $51 million in net inflows on Wednesday. Following closely behind was Blackrock’s IBIT, which gained $16 million, according to data from sosovalue.xyz. Bitwise’s BITB brought in $15 million, Vaneck’s HODL collected $12 million, and Ark Invest’s ARKB fund achieved $9 million in inflows.
The remaining ETFs, including Grayscale’s Bitcoin Trust (GBTC), saw no significant movement in terms of inflows or outflows on Wednesday. Overall, the group experienced a total volume of $2.1 billion throughout the trading day.
Since inception, the 11 ETFs have accumulated a total of $15.52 billion in net inflows, with bitcoin reserves valued at $60.01 billion. Blackrock’s IBIT holds the largest amount of bitcoin among the ETFs, with 305,295.55 BTC valued at approximately $20.72 billion at current exchange rates.
The positive performance of U.S. spot bitcoin ETFs on Wednesday may indicate a growing investor confidence, suggesting a strategic adjustment rather than mere market fluctuations.
What are your thoughts on the recent performance of spot bitcoin ETFs on Wednesday? Feel free to share your opinions in the comments section below.
