Spot bitcoin exchange-traded funds in the United States saw inflows return substantially yesterday, with a net of $418 million flowing into the new products.

The net inflow is the largest recorded in two weeks and follows yesterday's net inflow of $15.7 million — which broke a five-day net outflow streak.

A cumulative total net inflow of $11.7 billion has now been recorded, according to data from So So Value.

Fidelity's spot bitcoin ETF (FBTC) was the day's primary beneficiary, recording nearly $280 million in net inflow.

BlackRock's iShares Bitcoin ETF (IBIT) attracted a net inflow of $162 million — significantly more than the competition but still taking second place on the day to Fidelity's rival product.

Ark Invest and 21 Shares ARKB also had its best day in two weeks, bringing …