According to preliminary statistics from Farside Investors, the net inflows of U.S. Bitcoin spot exchange-traded funds (ETFs) yesterday (16th) totaled approximately $422 million, marking the eighth consecutive trading day with net inflows.

Daily fund flows for U.S. Bitcoin spot ETFs (Source: SoSo Value)

The Bitcoin spot ETF with the largest net inflows yesterday was IBIT issued by BlackRock with an amount of $260 million, followed by FBTC issued by Fidelity with an amount of $61.1 million. GBTC issued by Grayscale experienced zero net flow for two consecutive trading days for the first time.

Daily fund flows of 11 U.S. Bitcoin spot ETFs, source: Farside Investors

Notably, BlackRock’s IBIT’s cumulative net inflows ($18.639 billion) since its listing in January this year have exceeded Grayscale’s GBTC’s total net outflows.

Cumulative fund flow changes in the U.S. Bitcoin Spot ETF, source: Farside Investors

Source