Spot bitcoin exchange-traded funds in the U.S. recorded a total daily net inflow of $302.97 million on Wednesday, the largest since May 3.

Fidelity’s FBTC led the inflows with $131 million worth of daily inflows, followed by Bitwise fund’s $86 million, according to SoSoValue data. Ark Invest and 21Shares’ ARKB drew in $39 million, while bitcoin ETFs managed by Valkyrie, VanEck, Franklin Templeton, WisdomTree, and both Invesco and Galaxy Digital reported single-digit net inflows.

Meanwhile, Grayscale’s GBTC, the largest spot bitcoin fund in terms of net asset value, recorded its third-ever net inflows yesterday, bringing in $27 million. BlackRock, the second largest, recorded zero flows.

“The large inflows suggest that investment advisors and hedge fund managers consider BTC ETFs a …