Bitcoin ETFs Receive $13.33M in a Day
Yesterday, Bitcoin spot ETFs experienced a notable shift, with a net inflow of $13.33 million, ending a seven-day outflow streak and indicating potential market stabilization.
This positive movement increased the cumulative net inflow to $35.42 billion, following a prior net outflow of $371 million.
The inflows were largely driven by Ark 21Shares’ ARKB, which saw an $82.60 million inflow. Other notable inflows included $5.51 million into BTC (Grayscale). However, BlackRock’s IBIT recorded an outflow of $47.05 million, and Grayscale Bitcoin Trust ETF had a minor outflow of $11.81 million.
The Fidelity Physical Bitcoin ETP (FBTC) remained unchanged with no inflows or outflows. Smaller funds like BITB, HODL, and BRRR showed modest inflows, reflecting mixed market sentiment.
