Spot bitcoin exchange-traded funds in the U.S. logged their 13th consecutive day of net inflows on Thursday, drawing in $48.71 million. Major movements of funds were spotted in two bitcoin funds from Fidelity and from Ark Invest and 21Shares yesterday. 

Fidelity’s FBTC led net inflows worth $119 million, while Ark’s ARKB saw nearly $100 million in net outflows, according to data from SoSoValue. ARKB’s Thursday outflow marked its largest since its debut in January.

BlackRock’s IBIT, the largest spot bitcoin fund by net assets, logged net inflows of $2 million. Grayscale’s GBTC, which recently became the second largest, saw zero flows. Bitwise’s BITB added $26 million worth of funds, while Invesco and Galaxy Digital’s bitcoin ETF reported $2 million in net inflows.

“The unusual spot …