Led by FBTC, spot bitcoin ETFs see net inflows of nearly $66 million | Headlines | News | CoinMarketCap
05/14/2024 14:57
Spot bitcoin exchange-traded funds in the United States saw nearly $66 million in total net inflows yesterday — pushing the products' cumulative …
Spot bitcoin exchange-traded funds in the United States saw nearly $66 million in total net inflows yesterday — pushing the products' cumulative total net inflow since their listings to nearly $11.75 billion.
The most popular spot bitcoin ETF was Fidelity's ofering. The Fidelity Wise Origin Bitcoin Fund garnered $39 million in one-day net inflows, per data from SoSo Value.
The Bitwise Bitcoin ETF (BITB) and VanEck Bitcoin Trust ETF (HODL) also brought in $20 million and $7 million, respectively.
No other spot bitcoin ETFs — including Grayscale's converted Bitcoin Trust, GBTC, which has seen some $18 billion in cumulative net outflows — recorded net flows in either direction.
Though yesterday saw spot bitcoin ETF volumes pick up to their highest level since the start of the month, the …