The 11 U.S. spot bitcoin exchange-traded funds saw $53.35 million in total daily net inflows on Wednesday, extending the positive streak to its ninth day. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million.

BlackRock’s IBIT posted the largest net inflows of the day, drawing in $110.37 million, according to SoSoValue data. The largest spot bitcoin ETF in terms of net asset value saw $1.21 billion worth of trade volume on Wednesday. The only other fund that posted net inflows was Fidelity’s FBTC, which reported $2.83 million.

On the other hand, Grayscale’s GBTC saw $53.86 million net outflows, along with $6 million outflows from Bitwise’s BITB. Remaining seven funds, including Ark Invest and 21Shares’ ARKB, reported zero flows yesterday.

A total of …