Spot bitcoin ETFs hit record $673 million daily net inflow, led by BlackRock’s IBIT | Headlines | News | CoinMarketCap
02/29/2024 19:03
U.S. spot bitcoin exchange-traded funds generated a record net inflow of $673.4 million on Wednesday, surpassing the previous high of $655.2 million …
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Published on February 29, 2024 11:35 GMT+00:00edited on February 29, 2024 11:39 GMT+00:00
U.S. spot bitcoin exchange-traded funds generated a record net inflow of $673.4 million on Wednesday, surpassing the previous high of $655.2 million set on their Jan. 11 launch day.
BlackRock’s IBIT spot bitcoin ETF dominated the flows, adding $612.1 million, according to data from BitMEX Research, marking the highest inflow so far. Fidelity’s FBTC was in second place with $245.2 million and Ark Invest 21Shares’ ARKB was third with $23.8 million.
Despite the record net inflow, there were outflows of $216.4 million from Grayscale’s higher fee GBTC fund — the largest since Jan. 30 — and $3.4 million from VanEck’s HODL product. The remaining funds generated less than $10 million worth of inflows each on Wednesday.
Yesterday’s figures bring total net inflows for all the spot bitcoin ETFs …