The U.S. spot bitcoin exchange-traded funds saw a second consecutive day of increased investments, accumulating $21.52 million on Thursday. Fidelity’s FBTC emerged as the frontrunner, experiencing the largest surge with a $19 million boost.
Title: Modest Rise in Bitcoin ETFs’ Inflows on Thursday Led by Fidelity’s FBTC
On Thursday, the 11 U.S. spot bitcoin ETFs displayed positive performance, collectively gaining $21.52 million throughout the trading day. Among them, only three showed gains, with Grayscale’s GBTC seeing a $4 million uptick. Fidelity’s FBTC took the lead, attracting a significant $19 million increase, followed by Vaneck’s HODL with $3 million in inflows.
On the same day, Blackrock’s IBIT remained stable, along with BITB, BTCO, BRRR, EZBC, BTCW, and DEFI. The total net inflow now stands at $14.44 billion. Although trading volume on Thursday was below average at $925.76 million, the collective net asset value (NAV) of bitcoin reserves among the ETFs reached approximately $52.61 billion.
The continuous growth of U.S. spot bitcoin exchange-traded funds, notably spearheaded by Fidelity’s FBTC, reflects a strengthening trust in bitcoin despite ongoing market fluctuations. In the last 30 days, bitcoin’s spot price has declined by 10.4% against the U.S. dollar.
What are your thoughts on the successive inflows into U.S. spot bitcoin ETFs? Feel free to share your insights and viewpoints on this topic in the comments section below.
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