US Spot Bitcoin ETF Inflows hit $107.91 million on Thursday, continuing a strong streak of ninth consecutive day of increases, the longest streak of inflows since mid-March, when the product saw 10 consecutive days of increases.
Demand for the Spot Bitcoin ETF reflects its huge success since its launch. Earlier this yearThe SEC approved the first spot bitcoin ETF in January, and products from major firms like BlackRock, Fidelity and others quickly attracted billions of dollars in assets.
BlackRock iShares Bitcoin Trust (IBIT) Leading the influx On Thursday, $89 million flowed in. Next was Fidelity’s Wise Origin Bitcoin Trust (FBTC) with $19 million, followed by VanEck’s fund with $9.5 million.
Meanwhile, Grayscale Bitcoin Trust (GBTC) recorded outflows of $14 million, widening its losses as investors switched to other spot ETFs with lower fees.
BlackRock will take over management of GBTC as GBTC’s IBIT has quickly become the leader among spot Bitcoin ETFs. $20 billion While the average ETF takes years to reach the milestone, IBIT rose to $300 million in just four months. Behind GBTC It saw the largest inflows, making it the largest spot Bitcoin ETF.
This week in the UK Accepted Bitcoin ETPs With its upcoming listing in London further proving its value as an institutional asset class, Bitcoin could end May on a high if current momentum continues.
