According to data from Farside Investors, US Bitcoin Spot ETFs recorded a cumulative net inflow of $238.4 million this week. While the overall inflow indicates growing investor interest in Bitcoin spot ETFs, the data shows a contrasting trend between different funds.

Breakdown of ETF Flows

• Grayscale GBTC: Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $88 million. This suggests that investors may be reallocating their holdings from GBTC to other Bitcoin investment vehicles, possibly due to market performance or strategic adjustments.

• Fidelity FBTC: Fidelity's Bitcoin ETF (FBTC) saw a significant net inflow of $194.3 million, highlighting strong investor confidence and interest in Fidelity's Bitcoin product.