Fidelity’s FBTC emerged as the leader in attracting inflows, with daily inflows reaching $131 million, according to SoSoValue.
Bitwise’s funds followed with $86 million. Ark Invest and 21Shares’ ARKB generated $39 million in net inflows.
Meanwhile, ETFs managed by Valkyrie, VanEck, Franklin Templeton, WisdomTree, and Invesco/Galaxy Digital collectively reported modest single-digit net inflows. Even Grayscale’s GBTC, the largest spot Bitcoin fund by net asset value, saw its third net inflow on Wednesday, with net inflows reaching $27 million. Notably, the second-largest fund, BlackRock, did not record any inflows.
“The large inflows suggest that investment advisors and hedge fund managers view BTC ETFs as a unique hedge that can provide diversification benefits not available in traditional asset classes,” said Rachael Lucas, a cryptocurrency analyst at BTC Markets.
As of Wednesday, 11 U.S. spot Bitcoin ETFs have seen a total of $12.15 billion in net inflows. However, trading volumes for these ETFs have been steadily declining since their peak in March.
