$101 million inflow into US spot Bitcoin ETFs.

There was a net inflow of $101 million into US spot Bitcoin ETFs on Wednesday. Fidelity's FBTC was at the top with an inflow of $51 million. 11 spot Bitcoin ETFs in the US raised a total of $100.9 million on Wednesday. Following the net outflows on Monday and Tuesday, these inflows continued the record inflow series of the last 19 days.

Fidelity's FBTC led the way with $51 million in inflows on Wednesday, according to SosoValue data. BlackRock's IBIT ranked second with an inflow of $16 million. Bitwise's BITB generated a net inflow of $15 million, while VanEck's HODL contributed $12 million. Ark Invest's #ARKB achieved a net inflow of $9 million.

Grayscale's #GBTC , WisdomTree (BTCW), Invesco and other funds that typically record net outflows since January reported zero inflows. Since their inception, the 11 Bitcoin ETFs have generated a combined net inflow of $15.52 billion.

These large inflows on Wednesday coincided with important economic data expected from the US economy. According to CNBC, the Labor Department's May U.S. consumer price index was flat, which may indicate inflation is slowing. However, the Federal Open Market Committee decided to keep the interest rate between 5.25% and 5.50% after its meeting on Wednesday. According to CNN's report, the Federal Reserve predicts only one rate cut in 2024 because it does not believe deflationary trends are over.

This resurgence in US spot Bitcoin ETFs is considered an indication that investors' interest and confidence in Bitcoin is increasing.

US Spot Bitcoin ETFs saw a resurgence on Wednesday with a whopping $101 million inflow. Fidelity's #FBTC led with $51 million, while BlackRock, Bitwise, and VanEck also saw significant inflows. Investors' interest in Bitcoin is increasing, and this trend is expected to continue with the positive data from the US economy.