Dollars

Millions

Spot

Spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed a significant increase in daily net inflows, with Wednesday totaling $302.97 million, marking the highest inflow since May 3. 
<h2 id="spot-bitcoin-etfs-witness-302-million-inflows-fidelity-s-fbtc-leads-surge">Spot Bitcoin ETFs Witness $302 Million Inflows, Fidelity's FBTC Leads Surge</h2> 
Fidelity's FBTC emerged as the frontrunner attracting inflows with a staggering $131 million in inflows on a daily basis, according to data from SoSoValue. 
Following closely behind, Bitwise's fund saw an inflow of $86 million. Ark Invest and 21Shares' ARKB generated $39 million in net inflows. 
Meanwhile, ETFs managed by Valkyrie, VanEck, Franklin Templeton, WisdomTree and Invesco/Galaxy Digital collectively reported modest single-digit net inflows. 
Related News: <a href="https://en.bitcoinsistemi.com/major-development-giant-company-reports-5-2-billion-bitcoin-spot-etf-purchase-to-sec/" target="_blank" rel="dofollow">Major Development: Giant Company Reports $5.2 Billion Bitcoin Spot ETF Purchase to SEC</a> 
Even Grayscale's GBTC, the largest spot Bitcoin fund by net asset value, had its third net inflow on Wednesday, bringing in $27 million. Notably, BlackRock, the second largest fund, recorded no flows. 
“The large inflows suggest that investment advisors and hedge fund managers view BTC ETFs as a unique hedge, providing diversification benefits that traditional asset classes cannot offer,” said Rachael Lucas, a crypto analyst at BTC Markets. 
As of Wednesday, 11 spot Bitcoin ETFs in the U.S. had total cumulative net inflows of $12.15 billion. However, trading volume for these ETFs has declined steadily since peaking in March. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/etf-effect-on-bitcoins-rise-millions-of-dollars-have-entered-bitcoin-etfs/">ETF Effect on Bitcoin's Rise! Millions of Dollars Have Entered Bitcoin ETFs!</a>

ETF Effect on Bitcoin's Rise! Millions of Dollars Have Entered Bitcoin ETFs!

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