U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the listing, bringing in $8 million throughout the buying and selling classes.
Demand for Bitcoin ETFs Continues
Since Jan. 11, 2024, the 11 spot bitcoin ETFs have amassed $14.45 billion in whole web inflows, together with Thursday’s $11.8 million enhance. This represents the third consecutive day of beneficial properties for the bitcoin ETFs, though the every day inflows have barely declined every day. Moreover, every day commerce quantity has dropped, with Thursday seeing $919.95 million in quantity.
Bitwise’s BITB led with $8 million in inflows, adopted by Constancy’s FBTC, which attracted $7 million. Franklin Templeton’s EZBC introduced in $4 million, Invesco’s and Galaxy’s BTCO gained $3 million, and Ark Make investments’s and 21shares’ ARKB noticed $2 million in inflows. In the meantime, Grayscale’s GBTC skilled $11 million in outflows.
The outflows from GBTC offset the day’s beneficial properties, whereas the remaining ETFs, together with IBIT, HODL, BRRR, BTCW, and DEFI, had impartial days. After Thursday’s buying and selling classes, the mixed BTC reserves of all 11 ETFs stand at $53.13 billion. The persistent inflows into U.S. spot bitcoin ETFs, regardless of declining every day commerce volumes and outflows from Grayscale’s GBTC, underscore continued investor urge for food for bitcoin publicity by means of these funds.
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