$509 Million Invested in U.S. Spot Bitcoin ETFs on Wednesday
On Wednesday, over $509.4 million flowed into spot Bitcoin exchange-traded funds (ETFs) in the United States, marking the sixth consecutive trading day of positive inflows. This trend suggests increased interest from institutional and retail investors in crypto investments.
Data from Tree News on X and corroborated by Farside Investors indicates a significant boost in confidence within the crypto market.
BlackRock and Fidelity Lead ETF Inflows
BlackRock’s IBIT ETF recorded the highest daily inflow at $230.1 million, followed by Fidelity’s FBTC ETF with $186.1 million. Grayscale’s mini BTC ETF attracted $61.3 million, while ARK Invest’s ARKB ETF saw $14.5 million in inflows. Other funds reported minor inflows or no major activity, indicating a preference for leading Bitcoin-focused ETFs.
Increasing Interest in Crypto ETFs
Despite fluctuations in flow over recent months, current steady inflows reflect a broader increase in interest in crypto investments. Daily Bitcoin trading volume reached a record $145 billion this week, with Bitcoin's price hitting an all-time high of over $93,000. This has led institutional investors to favor spot Bitcoin ETFs, which allow exposure to Bitcoin's price movements without direct ownership.
Analysts believe that the popularity of ETFs from major firms like BlackRock and Fidelity may indicate a positive shift in institutional sentiment toward Bitcoin, paving the way for greater mainstream adoption of digital assets.