U.S. spot bitcoin exchange-traded funds logged a total daily net inflow of $45.14 million on Tuesday. This marks the fund’s 11th consecutive day of inflows, which is the longest streak of positive flows since February.

BlackRock’s IBIT drew in $102.5 million, leading net inflows among bitcoin ETFs on Wednesday, according to data from SoSoValue. This led IBIT to become the largest spot bitcoin fund in terms of net asset value, with $19.68 billion — surpassing that of Grayscale’s GBTC. 

Since converting into a spot bitcoin ETF, GBTC has been losing funds on most days, including yesterday, when it saw net outflows of over $105 million. As of Wednesday, GBTC has a net asset value of $19.65 billion.

Fidelity’s FBTC reported the second-largest net inflows of $34.35 million. At the same …