Fidelity’s FBTC spot bitcoin ETF hits record daily inflow of $473 million

Fidelity’s FBTC spot bitcoin exchange-traded fund hit record daily inflows of $473.4 million on Thursday — nearly double BlackRock’s $244.2 million haul for its usually dominant IBIT ETF.

FBTC’s inflows yesterday were 17% higher than its previous $404.6 million record set on Monday, eclipsing the $472.6 million total net inflows registered on Thursday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data . However, the FBTC inflow was still lower than IBIT’s overall daily inflow record of $788 million set on Tuesday.

Arl Invest 21Shares’ ARKB was in third place yesterday, registering $42.1 million worth of inflows, followed by Valkyrie’s BRRR and Bitwise’s BITB with $41.8 million and $41.4 million worth of inflows, respectively. Total net inflows since the ETFs launched on Jan. 11 now stand at nearly $9.4 billion.

Meanwhile, $374.8 million worth of outflows from Grayscale’s higher fee converted GBTC fund on Thursday meant its total outflows since the U.S. spot bitcoin ETFs began trading have now surpassed $10 billion.

The inflows have contributed to FBTC reaching around $8.3 billion in assets under management, with the U.S. spot bitcoin ETFs managing over $54 billion combined. The newborn nine ETFs — excluding Grayscale’s converted fund — now manage nearly $27 billion in assets, led by IBIT with nearly $13 billion AUM, per BitMEX Research.

The nine newborn ETFs are slated to surpass GBTC’s holdings today, as The Block reported earlier.

“Wild stat… Total flows into 9 new spot bitcoin ETFs over the past 2 months exceeds total flows into all physical gold ETFs over past *5 years*,” The ETF Store President Nate Geraci said . “Physical gold ETFs = nearly $100 billion AUM.”

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Spot bitcoin ETF daily trading volume remains robust as cumulative volume approaches $100 billion

Trading volume for the U.S. spot bitcoin ETFs remained robust on Thursday, reaching $4.53 billion — the sixth-largest volume day so far.

Yesterday’s trading was led by BlackRock’s IBIT, generating $1.6 billion in volume, with Grayscale’s GBTC and Fidelity’s FBTC generating $1.3 billion and $1.1 billion, respectively, according to The Block’s data dashboard .

Cumulative trading volume for all spot bitcoin ETFs is now approaching $100 billion — a milestone likely to be hit later today.

Bitcoin BTC +0.83% is currently trading for $67,252, up 1% over the past 24 hours, according to The Block’s price page . The largest cryptocurrency by market cap has gained 10% during the past week and more than 50% over the past month.

Meanwhile, the GM 30 Index , representing a selection of the top 30 cryptocurrencies, increased by 3% to 149.58 over the last 24 hours.