U.S. Spot Bitcoin ETFs Extend Inflow Streak to Seven Days With $591.3M Boost

Bitcoin

U.S. Spot Bitcoin ETFs Extend Inflow Streak to Seven Days With $591.3M Boost

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, led the pack with $970.9 million in inflows, according to SoSoValue. In contrast, Ark and 21Shares’ ARKB posted $226.3 million in outflows, while Fidelity’s FBTC saw $86.9 million exit.

Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL also registered net outflows.

Despite the inflows, overall trading volume across the 12 ETFs fell to $2.4 billion, down from $3.3 billion on Friday. The cumulative net inflows for all spot bitcoin ETFs have now reached $39.02 billion, the highest level since February 24.

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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-spot-bitcoin-etfs-extend-inflow-streak-to-seven-days-with-591-3m-boost/