U.S Spot Bitcoin ETFs Witness $65M Inflows Led by BlackRock’s IBIT

• The biggest inflow among the funds was $75.49 million into BlackRock’s IBIT.
• Grayscale’s GBTC, the second-largest spot bitcoin ETF, had $28.36M left the fund.

U.S. spot bitcoin ETFs have now had six consecutive days of positive inflows, with Thursday’s data showing net inflows of $64.91 million. SoSoValue data shows that on Thursday, the biggest inflow among the funds was $75.49 million into BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets.

A total of $9.23 million entered Fidelity’s FBTC, while $7.83 million entered Ark and 21Shares’ ARKB. After this, BTCW (WisdomTree) brought in $4.8 million, and HODL (VanEck) brought in $3.41 million.

Bitwise’s BITB saw a net outflow of $11.5 million. While Grayscale’s GBTC, the second-largest spot bitcoin ETF, had $28.36 million leave the fund. Compared to Wednesday’s overall trading volume of $1.42 billion, Thursday’s total of $889.67 million for the 12 spot bitcoin ETFs was much lower. At the time of writing, Bitcoin is trading at $61,986, up 2.36% in the last 24 hours as per data from CMC.

Outflows Recorded by Spot Ether ETFs

On the other hand, net withdrawals of $874,610 were reported by the nine spot Ethereum ETFs in the US on Thursday. Down from $17.97 million the previous day. With a net outflow of $19.84 million, the Grayscale Ethereum Trust (ETHE) maintained its negative flow streak. Outflows were reported by no other spot ether ETF that day.

With $14.33 million, Fidelity’s FETH had the most influx of any ETFs. Around $3.68 million came into the Grayscale Ethereum Mini Trust (ETH), while $954,100 went into VanEck’s ETHV. There were no transactions in the other five spot ether exchange-traded funds. From $201 million on Wednesday to $93.87 million on Thursday, the total daily trading volume of these spot ether ETFs decreased.

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