U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a significant $381.4 million in net inflows on Monday, marking their largest daily gain since January 30, according to data from SoSoValue.
The surge in institutional capital into spot Bitcoin products came as Bitcoin outperformed traditional markets, rising against a backdrop of sharp losses in major U.S. stock indexes and a weakened dollar.
ARK, Fidelity, and Bitwise Lead the Pack
Among the 12 spot Bitcoin ETFs, ARK and 21Shares’ ARKB posted the largest single-day inflow with $116.1 million, reflecting increased investor confidence in crypto as a hedge against macroeconomic volatility.
Fidelity’s FBTC followed with $87.6 million in inflows. Bitwise’s BITB attracted $45.1 million, further validating growing institutional interest in Bitcoin.
Though the full data for BlackRock’s IBIT — the largest U.S. spot Bitcoin ETF — wasn’t detailed in the report’s final sentence, early indications suggest continued strong demand for the product.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/u-s-spot-bitcoin-etfs-see-381m-inflows-on-monday/