Fidelity’s FBTC spot Bitcoin exchange-traded fund saw record daily inflows of $473.4 million on Thursday. That’s nearly double BlackRock’s $244.2 million for the generally dominant IBIT ETF.
According to BitMEX Research data, FBTC’s inflows yesterday were 17% higher than the previous record of $404.6 million set on Monday, bringing the total net inflows of all US spot Bitcoin ETFs registered on Thursday to $472.6 million. It exceeded ten thousand dollars. However, FBTC inflows are still lower than IBIT’s overall daily inflow record of $788 million set on Tuesday.
Ark Invest 21Shares’ ARKB came in third with $42.1 million worth of inflows yesterday, followed by Valkyrie’s BRRR and Bitwise’s BITB with inflows of $41.8 million and $41.4 million, respectively. Total net inflows since the ETF launched on January 11 now stand at nearly $9.4 billion.
Meanwhile, Grayscale’s high-fee GBTC fund conversion on Thursday resulted in $374.8 million worth of outflows, meaning total outflows since U.S. spot Bitcoin ETF trading began now exceed $10 billion.
These inflows have brought FBTC to approximately $8.3 billion in assets under management, while its U.S. spot Bitcoin ETFs collectively have over $54 billion under management. Excluding Grayscale’s convertible funds, the nine newly created ETFs currently manage nearly $27 billion in assets, led by IBIT, which manages nearly $13 billion in AUM, according to BitMEX Research.
As The Block previously reported, nine new ETFs are set to surpass GBTC’s holdings today.
“Wild statistics… the total inflows into the nine new physical Bitcoin ETFs over the past two months exceed the total inflows into all physical gold ETFs over the past *five years*,” says The ETF Store. said President Nate Geraci. “Physical Gold ETF = Nearly $100 Billion AUM.”
Spot Bitcoin ETF daily trading volume remains solid, with cumulative volume approaching $100 billion.
Trading volume for U.S. spot Bitcoin ETFs remained strong on Thursday, reaching $4.53 billion, the sixth-largest volume to date.
Yesterday’s trading was led by BlackRock’s IBIT, which generated $1.6 billion in volume, while Grayscale’s GBTC and Fidelity’s FBTC generated $1.3 billion and $1.1 billion, respectively, according to The Block’s data dashboard.
Currently, the cumulative trading volume of all spot Bitcoin ETFs is approaching $100 billion. This is a milestone expected to be achieved later today.
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Meanwhile, the GM 30 index representing the top 30 cryptocurrencies rose 3% to 149.58 over the past 24 hours.
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