U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their fourth consecutive day of net inflows, with a significant $73.05 million added on Friday. Data from sosovalue.xyz highlights Blackrock's IBIT as the leader in this impressive series.
📈 Spot Bitcoin ETFs enjoy a four-day inflow streak
Friday was a notable day for 11 spot Bitcoin ETFs, seeing the best performance in a four-day winning streak. Blackrock's IBIT led the way, attracting inflows of $82 million, bringing their BTC reserves to a significant 305,612.32 BTC. Ark Invest and 21shares' fund, ARKB, followed with a $43 million investment, currently holding 45,316 BTC.
Despite the increase in IBIT and ARKB, other ETFs such as BITB, BTCO, HODL, BRRR, EZBC, BTCW and DEFI remained unchanged in holdings. In contrast, Grayscale's Bitcoin Trust (GBTC) lost $27 million and Fidelity's FBTC lost $25 million. GBTC currently holds 275,757.58 BTC in reserves, while FBTC's holdings are 167,900.05 BTC.
💼 Cumulative cash flow and trading volume
Cumulative net cash flows as of January 11, 2024 have now reached an impressive $14.52 billion. Friday alone saw trading volume of $1.31 billion, marking a significant improvement over the previous three days. Overall, the 11 spot Bitcoin ETFs have accumulated a total of $52.12 billion in BTC reserves to date.
🔍 Steady capital inflows into spot Bitcoin ETFs indicate strong investor confidence and growing interest in Bitcoin as an important asset class.
#Write2Win #IntroToCopytrading #BinanceTournament #binance #btc $BTC
