US Bitcoin ETFs See 100M Inflows After Reversing Outflows

Bitcoin exchange-traded funds (ETFs) in the United States saw a shift in momentum on Wednesday, with inflows outweighing outflows after two consecutive days. A total of 11 ETFs in the U.S. market gathered $100.9 million, with Fidelity’s FBTC leading the pack.
Fidelity’s FBTC stood out with $51 million in net inflows, surpassing other ETFs in the market. Blackrock’s IBIT followed with $16 million in gains, as reported by sosovalue.xyz. Bitwise’s BITB attracted $15 million, Vaneck’s HODL collected $12 million, and Ark Invest’s ARKB secured a modest $9 million on Wednesday. Grayscale’s Bitcoin Trust (GBTC) and other ETFs remained neutral with no significant inflows or outflows. In total, the group saw a trading volume of $2.1 billion throughout the day.
The cumulative net inflows for the 11 ETFs now stand at $15.52 billion, with their bitcoin reserves valued at $60.01 billion. Blackrock’s IBIT holds the largest amount of bitcoin, with 305,295.55 BTC valued at approximately $20.72 billion based on current exchange rates. The positive performance of U.S. spot bitcoin ETFs on Wednesday could indicate a growing investor confidence, suggesting a strategic adjustment rather than just market fluctuations.
What are your thoughts on the latest developments in spot bitcoin ETFs on Wednesday? Feel free to share your views and opinions on this topic in the comments section below.