Spot Bitcoin ETF flows turn positive this week as Grayscale’s GBTC outflows slow | Headlines | News | CoinMarketCap

04/04/2024 16:59
Spot Bitcoin ETF flows turn positive this week as Grayscale’s GBTC outflows slow | Headlines | News | CoinMarketCap

This week’s flows into the combined U.S. spot Bitcoin exchange-traded funds turned positive on Wednesday, eclipsing the net outflows witnessed on …

This week’s flows into the combined U.S. spot Bitcoin exchange-traded funds turned positive on Wednesday, eclipsing the net outflows witnessed on Monday.

Wednesday’s $113.5 million worth of net inflows, following the $40.3 million added on Tuesday, were enough to surpass the $87.5 million in net outflows registered on Monday, according to CoinGlass data.

Fidelity’s FBTC spot Bitcoin ETF led yesterday’s inflows, adding $116.7 million, with BlackRock’s usually dominant IBIT fund second, bringing in $42 million. Bitwise’s BITB product came third on Wednesday with inflows of $23 million, with the remaining ETFs adding less than $4 million each. Total net inflows currently stand at $12.2 billion.

Fidelity’s FBTC is now approaching 150,000 BTC ($10 billion) under management. BlackRock’s …

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