US spot Bitcoin ETFs saw fourth straight day of inflows, totaling $257 million yesterday | Headlines | News | CoinMarketCap
05/17/2024 14:21
Spot bitcoin exchange-traded funds in the U.S. reported a total daily net inflow of $257.34 million on Thursday, recording a fourth consecutive day …
Spot bitcoin exchange-traded funds in the U.S. reported a total daily net inflow of $257.34 million on Thursday, recording a fourth consecutive day of inflows.
BlackRock’s IBIT, the second largest in terms of net asset value, saw the largest amount of $94 million move into the ETF yesterday, according to data from SoSoValue. IBIT had carried mostly zero to minimal flows in the past three weeks. Fidelity’s FBTC fund brought in $67 million, while Ark Invest and 21Shares’ bitcoin ETF reported net inflows of $62 million.
Grayscale’s GBTC, which had recorded large net outflows on most days since its conversion in January, recorded a daily net inflow of $4.64 million on Thursday. Valkyrie’s bitcoin ETF saw inflows of $18.5 million, while funds from Bitwise, Franklin Templeton, Invesco, and …