Published on March 08, 2024 10:51 GMT+00:00edited on March 08, 2024 10:54 GMT+00:00

Fidelity’s FBTC spot bitcoin exchange-traded fund hit record daily inflows of $473.4 million on Thursday — nearly double BlackRock’s $244.2 million haul for its usually dominant IBIT ETF.

FBTC’s inflows yesterday were 17% higher than its previous $404.6 million record set on Monday, eclipsing the $472.6 million total net inflows registered on Thursday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data. However, the FBTC inflow was still lower than IBIT’s overall daily inflow record of $788 million set on Tuesday.

Arl Invest 21Shares’ ARKB was in third place yesterday, registering $42.1 million worth of inflows, followed by Valkyrie’s BRRR and Bitwise’s BITB with $41.8 million and $41.4 million worth of inflows, respectively. Total net inflows since the ETFs …