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US spot Bitcoin exchange-traded funds (ETFs) reported a significant net inflow of $257.34 million on Thursday, marking the fourth day of positive inflows. This ongoing trend highlights growing investor interest and confidence in Bitcoin ETFs.
<h2 id="us-spot-bitcoin-etfs-record-inflows-for-the-fourth-day-in-a-row-totaling-257-million">US Spot Bitcoin ETFs Record Inflows for the Fourth Day in a Row, Totaling $257 Million</h2>
Leading the inflows was BlackRock's IBIT, which injected $94 million into the fund, making it the largest recipient of new capital among its peers.
According to SoSoValue data, IBIT had experienced minimal to no flows in the previous three weeks, and this increase was particularly notable. Fidelity's FBTC fund attracted $67 million in investments, while Ark Invest and 21Shares' Bitcoin ETF reported net inflows of $62 million.
Grayscale's GBTC, which has mostly seen large outflows since its conversion in January, recorded daily net inflows of $4.64 million on Thursday.
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Valkyrie's Bitcoin ETF also saw significant activity, with $18.5 million in inflows. Other funds from Bitwise, Franklin Templeton, Invesco and Galaxy Digital reported single-digit inflows.
The consecutive net inflows into 11 spot Bitcoin ETFs in the US come in the middle of Wall Street's first quarter 13F reporting season.
Major financial players announced their stakes in these funds and the results exceeded many expectations. BlackRock's IBIT fund, in particular, reported a record 414 holders in its first 13F season.
“Even having 20 owners as a newborn is a big deal, it's pretty rare,” Bloomberg senior ETF analyst Eric Balchunas commented on Thursday.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/inflows-into-bitcoin-etfs-continued-for-the-fourth-day-in-a-row-here-are-the-details/" rel="noopener noreferrer nofollow">Inflows into Bitcoin ETFs Continued for the Fourth Day in a Row! Here are the Details</a>

Inflows into Bitcoin ETFs Continued for the Fourth Day in a Row! Here are the Details

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