US spot Bitcoin ETFs saw another day of massive inflows on Wednesday, with a total of $401 million entering the funds, according to data from TrackInsight and Parside Investments. This marks the third consecutive trading day of inflows for spot Bitcoin ETFs, which have been gaining popularity as investors seek exposure to the cryptocurrency without having to purchase and store it themselves. BlackRock's iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, saw the biggest inflows on Wednesday, with $291 million entering the fund. No spot Bitcoin ETF recorded outflows on the day. The inflows into spot Bitcoin ETFs come as the price of Bitcoin has been hovering around $24,000, after reaching a high of over $25,000 earlier this month. The inflows suggest that investors are becoming more comfortable with investing in Bitcoin through ETFs, which offer a more accessible and regulated way to gain exposure to the cryptocurrency.

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