US $BTC ETFS SAW $880M IN INFLOWS, HIGHEST SINCE MARCH…

As Reported by Bitcoinist, US spot bitcoin ETFs saw their second-highest daily inflow ever on Tuesday at over $880 million, the most since March, as demand returns amid Bitcoin's resurgence.

The ETFs have now seen 16 straight days of inflows, sparking talk of a "second wave" of demand. Fidelity's Wise Origin Bitcoin Fund led inflows with $378.7 million, followed by BlackRock's iShares Bitcoin Trust at $274.4 million.

In total, the spot $BTC ETFs hold over $60 billion worth of BTC. Analysts cite renewed institutional interest and Bitcoin's price resurgence back above $70,000 as drivers of the latest wave of inflows.

The Grayscale Bitcoin Trust also saw a rare inflow day of $28.2 million, just the seventh since converting to a spot ETF in January. It joins the renewed enthusiasm despite bleeding funds for most of the year.

With major firms like Fidelity and BlackRock spot #BTC ETFs now holding tens of billions in assets, the infrastructure for institutional Bitcoin investment continues maturing.

The latest inflow wave follows Australia, the U.K., and Thailand's recent approval and listing of Bitcoin-regulated funds. With the regulatory climate warming worldwide, Bitcoin ETFs are attracting capital once again.