BlackRock’s IBIT continues to lead net inflows in spot bitcoin ETFs | Headlines | News | CoinMarketCap

05/30/2024 12:48
BlackRock’s IBIT continues to lead net inflows in spot bitcoin ETFs | Headlines | News | CoinMarketCap

Spot bitcoin exchange-traded funds in the U.S. recorded a total daily net inflow of $28.32 million on Wednesday. The funds continued to log their …

Spot bitcoin exchange-traded funds in the U.S. recorded a total daily net inflow of $28.32 million on Wednesday. The funds continued to log their 12th consecutive day of inflows, marking the longest streak since the last week of February.

The inflows were led by BlackRock’s IBIT, which drew in $24.5 million worth of funds according to data from SoSoValue. Grayscale’s GBTC saw net outflows of $31 million. This widened the gap between IBIT and GBTC, after the former overtook the spot of the largest bitcoin ETF in terms of net assets under management on Tuesday.

Fidelity’s FBTC, the third largest spot bitcoin ETF, followed IBIT with net inflows of $18 million. Bitwise’s ETF saw $11 million worth of net inflows, while funds from Ark Invest and 21Shares, Invesco and Galaxy Digital, and …

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