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.
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