Money inflows have been occurring into Spot Bitcoin ETFs for four consecutive days.
US spot Bitcoin ETFs saw inflows for the fourth day in a row, totaling $257 million yesterday.
The 11 spot Bitcoin ETFs in the US reported daily net inflows of $257.34 million on Thursday, recording inflows for the fourth consecutive day. Major Wall Street institutions announced large stakes in US spot Bitcoin ETFs in their latest quarterly 13F reports.
Spot Bitcoin exchange-traded funds in the US reported total daily net inflows of $257.34 million on Thursday, the fourth consecutive day of inflows recorded. BlackRock's IBIT fund, the second largest by net asset value, saw the largest inflows into the ETF yesterday, at $94 million, according to SoSoValue data. IBIT has had mostly zero to minimal flows over the past three weeks. Fidelity's FBTC fund reported $67 million in net inflows, while Ark Invest and 21Shares' Bitcoin ETF reported $62 million in net inflows.
Grayscale's GBTC fund, which has recorded large net outflows on most days since its conversion in January, recorded a daily net inflow of $4.64 million on Thursday. Valkyrie's #Bitcoin ETF saw inflows of $18.5 million, while Bitwise, Franklin Templeton, Invesco and Galaxy Digital funds saw single-digit inflows.
The back-to-back net inflows came during Wall Street's first quarter 13F reporting season. Major financial players have announced their stakes in spot Bitcoin funds, which are larger than expected.
“IBIT ended up with 414 reported holders in the first 13F season, which is mind-boggling, shattering the record,” Bloomberg senior #ETF analyst Eric Balchunas wrote in X on Thursday. “For a newborn fund to have even 20 owners is a big deal, it's very rare.”
As of the end of March, Morgan Stanley (NYSE:MS) had more than $270 million worth of spot bitcoin ETFs, while Millennium Management announced a whopping $1.94 billion in five bitcoin funds. The Wisconsin Board of Investment also disclosed holdings of $163 million in BlackRock and Grayscale funds.
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