U.S. spot Bitcoin exchange-traded funds (ETFs) maintained strong momentum on Thursday, marking their fifth consecutive day of net inflows with $442 million added across major products.
BlackRock’s IBIT led the charge once again, pulling in $327.3 million, according to data from Farside. ARK Invest and 21Shares’ joint offering, ARKB, followed with $97 million in net inflows. Bitwise’s BITB saw $10.2 million, while Invesco’s BTCO added $7.5 million.
Although daily inflows remained robust, total ETF trading volume dipped to $2 billion on Thursday, down from $4 billion on Wednesday. The drop followed two blockbuster days earlier in the week, with $916.9 million in inflows on Wednesday and $936.4 million on Tuesday.
The consistent buying streak highlights continued institutional appetite for regulated BTC exposure, despite recent market volatility.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/u-s-bitcoin-etfs-record-fifth-straight-day-of-inflows/