Money Has Been Raining on Bitcoin for 17 Days in a Row: Fidelity Has Reached the Top

Money has been pouring into Bitcoin (BTC) through spot exchange-traded funds (ETFs) in the United States for more than two weeks.

A total of $488.24 million net money entered spot Bitcoin ETFs in the United States on Wednesday.

The series has not been broken for 17 days

$866 million entered these ETFs on Tuesday, making it the funds' second most successful day ever.

With Wednesday's influx, Bitcoin ETFs have been growing for 17 straight days. Thus, the record recorded in January-February was equalized.

Bitcoin price is up 4.7% over the past seven days and is trading just below $71,000, according to CoinGecko data.

Fidelity took the top spot

According to SosoValue data, yesterday, the highest money flow was seen in Fidelity's FBTC fund with $221 million.

In terms of daily money flow, BlackRock's IBIT fund took second place with $155 million.

Ark Invest and 21Shares' ARKB fund received $71 million, while Bitwise's BITB fund received $19 million.

Grayscale's GBTC fund recorded growth for the second day in a row, receiving a net investment of $15 million. The funds of VanEck, Invesco and Galaxy Digital also grew by $4 million each.

The total trading volume of spot Bitcoin ETFs was $1.78 million on Monday, and $2.78 billion and $2.09 billion on Tuesday and Wednesday, respectively.