Record Inflows into Bitcoin ETFs Reach $893 Million in the U.S

Exchange-traded funds (ETFs) for spot Bitcoin in the United States experienced remarkable net inflows of $893.21 million on Wednesday, marking the second-highest total inflow in history.

Data from SoSoValue revealed that BlackRock's IBIT fund led the way with inflows exceeding $872 million, achieving the highest daily inflows since its inception in January, surpassing the previous record set on March 12.

In addition to the IBIT fund, several other ETFs in the U.S. also reported positive inflows. Fidelity's FBTC fund recorded new inflows of $12.57 million, while Ark Invest's fund, 21Shares' ARKB fund, VanEck's HODL fund, and Invesco's BTCO fund each saw inflows of less than $8 million.

Conversely, Bitwise's BITB fund reported net outflows of $23.89 million, and Grayscale's GBTC fund saw no changes.

The total trading volume for Bitcoin ETFs reached approximately $1.97 billion. Although this figure represents a decline from the previous day's trading volume of $4.75 billion, it raised the cumulative net inflows for Bitcoin funds to $24.18 billion, highlighting a robust and ongoing interest in digital asset funds.

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