US spot bitcoin ETFs achieve record-breaking 18-day streak of net inflows | Headlines | News | CoinMarketCap
06/07/2024 11:48
U.S. spot bitcoin exchange-traded funds are now in their longest streak of positive flows since listing, recording their 18th consecutive day of net …
U.S. spot bitcoin exchange-traded funds are now in their longest streak of positive flows since listing, recording their 18th consecutive day of net inflows on Thursday.
The 11 funds had a total net inflow of $217.78 million, with most of the inflows coming from BlackRock’s IBIT, the largest spot bitcoin ETF by net assets. IBIT drew in $350 million worth of net inflows on Thursday, according to data from SoSoValue. Fidelity’s and VanEck’s bitcoin ETFs also saw net inflows, though significantly smaller than BlackRock’s.
On the other hand, Ark Invest’s ARKB recorded net outflows of $96.6 million, marking one of the largest exits of funds from the ETF. Grayscale’s converted GBTC saw net outflows of $37.5 million, and Bitwise’s BITB reported net outflows of $3 million. The remaining five …