Spot bitcoin exchange-traded funds (ETFs) in the United States performed exceptionally well on Wednesday, culminating in a three-day streak of inflows and accumulating gains of $303 million on May 15. Data reveals that Blackrock’s IBIT had minimal inflows, with zero recorded over the past few trading sessions. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw inflows of approximately $27 million throughout the day.
On Monday, the group of ETFs experienced $66 million in positive inflows and $1.22 billion in trade volume. Tuesday saw $100.5 million in net inflows and $977 million in volume.
Wednesday’s activity propelled the week even higher, with a total of $303 million in positive inflows, according to figures from coinglass.com. GBTC continued to perform well, attracting $27 million in inflows, but Fidelity’s FBTC led the day by attracting $131 million.
Other ETFs saw modest inflows, while IBIT recorded no inflows, and BITB gathered nearly $87 million during the trading sessions. As of Wednesday morning, GBTC held 289,336.91 BTC, while the firm reported a total of 288,497.65 BTC held in reserves.
GBTC’s reserve figure may see a slight increase with tomorrow’s GBTC website reserve update. GBTC remains the largest spot bitcoin ETF in the United States, followed by IBIT with 274,755.14 BTC in holdings.
FBTC currently holds 155,744.78 BTC, and Ark Invest’s ARKB fund contains 46,280 BTC. Bitwise’s BITB fund secures approximately 35,416.53 BTC in reserves today. The recent inflow trends among U.S. spot bitcoin ETFs highlight a competitive landscape, with different funds experiencing varying levels of success since their launch in January.
What are your thoughts on the inflows obtained by U.S. spot bitcoin ETFs on Wednesday? Share your opinions in the comments section below.
