U.S. spot bitcoin ETFs recorded total daily net inflows of $302.97 million on Wednesday, the highest since May 3.
Fidelity's FBTC led inflows with $131 million daily, followed by Bitwise's fund with $86 million, according to data from SoSoValue. 21Shares' Ark Invest and ARKB attracted $39 million, while bitcoin ETFs held by Valkyrie, VanEck, Franklin Templeton, WisdomTree, and both Invesco and Galaxy Digital reported net inflows in the single digits.
Meanwhile, Grayscale's GBTC, the largest spot bitcoin fund by net asset value, recorded its third net inflow yesterday, taking in $27 million. BlackRock, the second largest fund, had no inflows.
Source: SoSoValue
“The large inflow of capital shows that investment advisors and hedge fund managers see BTC ETFs as a unique hedge, offering diversification benefits that traditional asset classes cannot provide,” Rachael Lucas, cryptocurrency analyst at BTC Markets, told The Block.
“Despite recent volatility, total net inflows of $12 billion since launch in January demonstrate the continued appeal of these financial instruments,” Lucas added.
As of Wednesday, 11 U.S. spot bitcoin ETFs had seen a combined net inflow of $12.15 billion. However, trading volume on these ETFs has been steadily decreasing since peaking in March.
Bitcoin price is up 6.65% in the past 24 hours to $66,081 at the time of writing, according to Coingecko.
New York-based hedge fund Millennium Management revealed today that it held $1.94 billion in shares in five direct bitcoin ETFs, as of March 31. Massive investment Their biggest contribution is to BlackRock's IBIT, about $844 million.
Source: https://tapchibitcoin.io/cac-quy-etf-bitcoin-delivery-day-how-high-dong-tien-vao-hon-300-million-usd-fidelity-dan-dau.html
