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Yesterday, U.S. spot Bitcoin ETFs received $257 million, continuing a four-day winning streak
On Thursday, spot Bitcoin ETFs in the US had a net inflow of $257.34 million for the day. The inflows continued for a fourth day in a row.
Inflow Details
With $94 million, the most money came into BlackRock's IBIT, the second-largest by net asset value. That was based on what we learned from SoSoValue. This comes after three weeks in which IBIT recorded hardly no flows at all.
The FBTC fund at Fidelity received $67 million. There was a net inflow of $62 million to Ark Invest and the Bitcoin ETF offered by 21Shares.
Following a string of days with high net outflows since its conversion in January, Grayscale's GBTC had a net influx of $4.64 million each day. Other funds, such as Valkyrie's Bitcoin ETF, received $18.5 million. Gains in the single digits were recorded by Bitwise, Franklin Templeton, Invesco, and Galaxy Digital.
Disclosure of Stake and Reporting Season
During the first quarter of 2013 (Q1) reporting season on Wall Street, these eleven Bitcoin ETFs saw continuous net inflows. The spot Bitcoin funds' major investors were made public. Some people didn't realize how big these stakes were.
At the end of March, Morgan Stanley had roughly $270 million worth of spot Bitcoin ETFs in its possession. Across five Bitcoin funds, Millennium Management disclosed an astounding $1.94 billion in shares. Additionally, the State of Wisconsin Investment Board revealed that it has $163 million in funds managed by BlackRock and Grayscale.
Based on statistics from SoSoValue, the eleven spot Bitcoin ETFs in the US have received a total of $12.40 billion in net inflows so far. Despite a string of days with complete net inflows, ETF trading volume is still below March's all-time high.
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