U.S. spot Bitcoin ETFs recorded total daily net inflows of $147.37 million on Wednesday, marking the fourth consecutive day of positive inflows.
Fidelity's FBTC fund led the way with inflows on Wednesday of $57.79 million, according to data from SoSoValue. Franklin Templeton's bitcoin spot fund followed, attracting $31.66 million, the largest since early May.
Source: SoSoValue
BlackRock's IBIT fund, the spot bitcoin fund with the largest net asset value, reported net inflows of $22.24 million yesterday, and Valkyrie's BRRR fund recorded net inflows of $20.68 million .
Galaxy Digital's Invesco and BTCO also reported inflows of around $9.5 million, while funds from Ark Invest and 21Shares, Bitwise and VanEck recorded smaller net inflows.
Grayscale's GBTC, the second largest bitcoin ETF, was the only fund to report net outflows yesterday, worth $8.15 million.
The total trading value of 11 bitcoin spot funds on Wednesday was $1.25 billion. However, trading volumes in spot bitcoin ETFs remain significantly below the peaks of March and April this year, when more than $12 billion was traded each day. Since January, ETFs have accumulated net inflows of $15.42 billion.
BTC price has dropped 2% to $57,623 in the past 24 hours, according to Bitcoin Magazine's bitcoin price page. It has partially recovered from last week's decline but remains significantly below its price range above $70,000 in early June. Investors still face market uncertainties regarding the distribution of payments from Mt Gox and selling pressure from the German government's moves on bitcoin.
Meanwhile, Matt Hougan, chief investment officer at crypto asset manager Bitwise, said bitcoin could hit $100,000 by the end of the year, due to factors including changing political attitudes towards bitcoin and the US Federal Reserve's ability to cut interest rates.
Source: https://tapchibitcoin.io/bitcoin-etf-bao-cao-dong-von-rong-147-trieu-usd.html
