Bitcoin ETFs pull in $462M as BTC briefly tops $73K
BlackRock’s IBIT led inflows with $307 million as almost all US spot Bitcoin ETFs recorded inflows on Wednesday, extending a three-day inflow streak totaling $1.1 billion.
US spot Bitcoin exchange-traded funds saw inflows increase on Wednesday as $BTC briefly surged past $73,000.
Spot Bitcoin ETFs posted $462 million in net inflows, marking the third consecutive day of inflows and bringing the weekly total to $1.1 billion, according to Farside data.
The new gains bring year-to-date flows to about $700 million, a modest amount after the ETFs shed $3.8 billion during a five-week outflow streak.
#etherium funds shared the sentiment, drawing $169 million in inflows after seeing minor outflows of $11 million on Tuesday.
The flows highlight a potential market reversal, with analysts observing that most Bitcoin ETFs have now turned to net positive flows YTD.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) again led inflows with $307 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Grayscale Bitcoin Mini Trust ETF (BTC) with $48 million and $32 million, respectively.