Bitwise saw $238 million of inflows into its spot bitcoin exchange-traded fund on its first day of trading, according to Bloomberg data.

Preliminary data suggests that this was the largest set of inflows, with Fidelity recording $227 million of inflows and BlackRock netting $111 million. However, this data is subject to change and these figures could increase.

Currently, this shows a total of $721 million of inflows across the ETFs. This excludes Valkyrie's spot bitcoin ETF and the Grayscale Bitcoin Trust. If Grayscale comes in with significant outflows, this could dampen the overall figure.

"Congrats to [Bitwise] for winning Day One of the Cointucky Derby w/ $238m in flows," said Bloomberg senior ETF analyst Eric Balchunas on X. "[Fidelity] was a close second while [BlackRock] a …