The U.S. spot Bitcoin exchange-traded fund (ETF) reported net inflows totaling $153.91 million on Wednesday, recording net inflows for the eighth straight day.
BlackRock’s IBIT had the largest net inflow among the 11 ETFs, at $92 million. data From SoSoValue. Fidelity’s spot Bitcoin ETF received $75 million in inflows, while funds from Ark Invest and 21Shares attracted $3 million on Wednesday.
Meanwhile, Grayscale’s GBTC returned to net outflow on Wednesday, with $16 million flowing in. Seven other funds, including Bitwise and VanEck, recorded zero flows.
The U.S. spot Bitcoin ETF has accumulated a total of $13.33 billion in net inflows since its launch in January. According to The Block’s data dashboard, cumulative trading volume reached more than $267 billion.
On Wednesday, the U.S. House of Representatives pass FIT21 or the 21st Century Financial Innovation and Technology Act. The Republican-led bill, which aims to set legal rules for the broad digital asset industry, is a first step toward responsible innovation that must be improved upon. said Representative Nancy Pelosi (California).
The bill would provide the Commodity Futures Trading Commission with more authority and funding to oversee cryptocurrency assets under the “digital goods” classification. In a letter published Wednesday, Stock Exchange Chairman Gary Gensler spoke publicly. criticized the bill It is intended to put digital asset investors at risk.
The U.S. cryptocurrency industry is hoping for approval of a spot ether ETF after the SEC asked exchanges to revise and resubmit their Form 19b-4s earlier this week. Apply for CboeBZX The shapes of five spot ether ETFs have improved. Apply to Nasdaq This is the revised form for BlackRock’s Spot Ether Fund.
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.