Bitcoin ETF

Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Spot Bitcoin ETFs in the US experienced nearly $66 million in total net inflows recently.</li>
 <li>The Fidelity Wise Origin Bitcoin Fund was the most popular, with $39 million in one-day net inflows.</li>
</ul>
<p>The total net inflow of spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) in the US recently reached close to $66 million. This brings the cumulative total net inflow since their introduction to nearly $11.75 billion.</p>
<h2 id="leading-bitcoin-etfs">Leading Bitcoin ETFs</h2>
<p>The Fidelity Wise Origin Bitcoin Fund was the leading spot Bitcoin ETF. In just a single day, it attracted net inflows of $39 million, according to data from SoSo Value.</p>
<p>The Bitwise Bitcoin ETF (BITB) and VanEck Bitcoin Trust ETF (HODL) also saw significant inflows, bringing in $20 million and $7 million respectively.</p>
<p>No other spot Bitcoin ETFs, including the converted Bitcoin Trust by Grayscale (GBTC), which has witnessed approximately $18 billion in cumulative net outflows, recorded net flows in either direction.</p>
<h2 id="trends-in-bitcoin-etfs">Trends in Bitcoin ETFs</h2>
<p>Despite the recent surge in spot Bitcoin ETF volumes, which reached their highest level since the beginning of the month, the overall trend points towards a decline. Daily assets under management of spot Bitcoin ETFs have seen a slight but steady decrease since early April, reflecting more outflows in recent weeks.</p>
<p>In Hong Kong, the special administrative region’s Bitcoin ETFs reportedly experienced net outflows of 535 BTC recently. According to Vetle Lunde, a senior analyst at K33 Research, this has brought the region’s aggregated Bitcoins under management back below its seed BUM.</p>

FBTC Leads the Charge as Bitcoin ETFs Receive Almost $66 Million in Net Inflows

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