Total net flows from the first five days of trading for the new U.S. spot bitcoin ETFs now stand at nearly $1.2 billion, with Fidelity joining BlackRock in the $1 billion-plus inflows club yesterday, according to data from BitMEX Research.

Bitwise is currently in third place with $395.5 million worth of inflows, while Ark Invest/21Shares and Invesco have seen a total of $320.9 million and $194.9 million, respectively. Overall, 10 of the 11 ETFs have seen inflows totaling almost $3.4 billion so far, with Grayscale notching up $2.2 billion in outflows. The remaining funds have all witnessed less than $100 million worth of total inflows.

Spot bitcoin ETFs see biggest day of net outflows since launch

Overall, the spot bitcoin ETFs …