*🚹Bitcoin Spot ETFs InflowsđŸ’č*$BTC

- *Record Inflows*: Bitcoin spot ETFs received a record inflow of $1.2 billion last week, with the BlackRock ETF IBIT receiving a net inflow of $758 million and the Grayscale ETF GBTC experiencing a net outflow of $120 million .

- *Increased Demand*: The sustained demand for spot bitcoin ETFs has been remarkable, with investors trading a record 6.3 million shares of the Bitwise Bitcoin ETF (BITB) on Tuesday .

- *Market Leaders*: The spot bitcoin ETFs issued by BlackRock and Fidelity led the way, with the iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) notching inflows of roughly $1.6 billion and $650 million last week, respectively .

- *Growth*: The US spot bitcoin ETFs are currently on pace to easily beat Bloomberg Intelligence’s year-one net inflow estimate of between $10 billion and $15 billion

- *Outflows*: Outflows from GBTC decreased to about $415 million last week, down from $927 million the week before