The 11 U.S. spot Bitcoin exchange-traded funds continued their upward trend for the ninth day, recording a total of $53.35 million in daily net inflows on Wednesday. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million.
According to SoSoValue, BlackRock’s IBIT saw its largest net inflow of the day, attracting $110.37 million. data. The largest spot Bitcoin ETF in terms of net asset value recorded $1.21 billion worth of volume on Wednesday. The only other fund to see net inflows was Fidelity’s FBTC, which reported $2.83 million.
Meanwhile, Grayscale’s GBTC saw a net outflow of $53.86 million, while Bitwise’s BITB also saw an outflow of $6 million. The remaining seven funds, including Ark Invest and 21Shares’ ARKB, reported no inflows yesterday.
A total of $1.79 billion worth of value was traded in the U.S. spot Bitcoin fund on Wednesday. Volume levels remained significantly lower than in March, when more than $8 billion was traded on some days. The ETF has accumulated a total of $16.59 billion in net inflows since its launch in January.
The Bitcoin price is said to have fallen 0.42% over the past 24 hours, trading at $64,776. Bitcoin price page on the block.
On Wednesday, US ETF issuers BlackRock, Fidelity, Grayscale, Bitwise, etc. We disclosed our fees Fees for upcoming spot Ethereum ETFs. BlackRock has set its fee at 0.25%, and several other issuers have set their fees at similar levels. However, Grayscale has set its fee for the Grayscale Ethereum Trust at 2.5%, which is significantly higher than other issuers.
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