After a brief net outflow ahead of Bitcoin’s block reward halving, U.S. spot Bitcoin exchange-traded funds (ETFs) have returned to net inflows, with Fidelity’s Wise Origin Bitcoin Fund (FBTC) leading the way.
On Monday, spot Bitcoin ETFs collectively experienced net inflows in excess of $62 million, with FBTC garnering the largest daily net inflow of $34.83 million. ARK 21Shares Bitcoin ETF and The iShares Bitcoin Trust also recorded significant net inflows, exceeding $22.5 million and $19.65 million, respectively.
In contrast, Grayscale Bitcoin Trust saw its largest single-day net outflow, with nearly $35 million leaving its product. However, spot Bitcoin ETFs traded in the U.S. have shown continued investor interest, with cumulative total net inflows of $12.38 billion since launch.
BlackRock’s IBIT ETF, known for consistent inflows, recorded its 70th consecutive day of inflows on Monday, solidifying its position among the top 10 ETFs with the longest daily inflows. IBIT currently holds a market share of nearly 54% among spot Bitcoin ETFs.
Despite recent fluctuations, the price of Bitcoin has remained resilient, hovering above $66,200, according to The Block’s Bitcoin price page. This stability in the Bitcoin price highlights investors’ continued confidence in digital assets and related investment vehicles.
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