The 11 U.S. spot Bitcoin ETFs recorded net inflows of $11.8 million on Thursday, continuing a three-day positive streak. Despite the ongoing inflows, the pace has slowed since Tuesday’s net inflow of $31 million.
Bitwise’s BITB led inflows yesterday, attracting $8 million, followed by Fidelity’s FBTC, which reported net inflows of $7 million. data In small value. Franklin Templeton’s spot Bitcoin ETF saw net inflows of $3.6 million, the largest since mid-May.
Invesco and Galaxy Digital’s BTCO recorded net inflows of $3 million on Thursday, while Ark Invest and 21Shares’ ARKB recorded $1.84 million.
The only net outflow came from Grayscale’s GBTC, which had $11.5 million. BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, reported no inflows for the fifth straight day, despite $520 million worth of transactions on Thursday.
The remaining funds – VanEck, Valkyrie, WisdomTree and Hashdex – also recorded zero flows for the day. VanEck surprised the cryptocurrency market by submitting his application. Spot Solana ETF The token price surged about 10% on Thursday.
Daily trading volume across 11 Bitcoin funds on Thursday was about $920 million, significantly lower than the March peak of $10 billion. The ETF has accumulated net inflows totaling $14.45 billion since its inception in January.
Meanwhile, the price of Bitcoin has risen 1% over the past 24 hours, reaching $61,677 at the time of publication. The Block’s Bitcoin Price Page.
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About the Author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He was previously a reporter at Forkast.News, where he actively covered the downfalls of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor of Arts in Journalism and Business Marketing from the University of Hong Kong.