BlackRock Dominates Bitcoin ETF Inflows as Others Struggle
U.S. Bitcoin exchange traded funds (ETFs) posted a fifth straight day of positive net inflows on Wednesday, totaling $105.9 million.
BlackRock’s IBIT, which is the largest Bitcoin ETF by net asset size, recorded daily net inflows of $184.4 million yesterday, as reported by Farside. The only other ETF to see inflows on Wednesday was Bitwise’s BITB, which added $2.1 million.
In contrast, Ark Invest and 21Shares’ ARKB saw net outflows of $47.4 million on Wednesday, along with Fidelity’s FBTC, which saw outflows of $33.2 million. The other eight funds, including Grayscale’s GBTC, reported no net inflows or outflows on the day.
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Bitcoin Eyes New Heights, Will Altcoins Follow?Spot Ethereum ETFs also registered net inflows on Wednesday, totaling $43.2 million. Leading the way was the Grayscale Ethereum Mini Trust with positive inflows of $26.6 million.
BlackRock’s ETHA had net inflows of $9.4 million, followed by Fidelity’s FETH with $6.4 million. Additionally, 21Shares’ CETH saw inflows of approximately $0.8 million, marking its first positive inflow since July 31.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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