Bitcoin ETFs Record First Weekly Inflow of $343M Amid Bitcoin $63K Rebound
- U.S. Bitcoin spot ETF sees first positive fund flow in seven days, with $343M.,
- Grayscale’s Bitcoin Trust records its first-ever inflow since inception, after draining over $12 billion.
- Institutional interest rekindles as Bitcoin reclaims the $63,500 threshold.
The U.S. Bitcoin spot exchange-traded fund (ETF) has witnessed the first positive fund flow after seven consecutive days of trading with negative flow. More remarkable, Grayscale’s Bitcoin Trust (GBTC) recorded the first-ever inflow since its inception after draining over $12 billion.
According to public records, U.S. Bitcoin spot ETFs ended Friday trading with a net inflow of $343 million. This influx was influenced by Fidelity’s FBTC, which alone witnessed a positive flow of $102.6 million.
Coming next on the ranking was the fund inflow from Grayscale. In particular, Grayscale ETF saw a positive flow of $63 million for the first time since the January approvals. Meanwhile, the firm recorded an outflow of over $12 billion since the approvals.
Other U.S. issuers that saw positive flow on Friday included BlackRock (IBIT), Bitwise (BITB), Ark Invest, Franklin (EZBC), and Invesco Galaxy (BTCO).…
The post Bitcoin ETFs Record First Weekly Inflow of $343M Amid Bitcoin $63K Rebound appeared first on Coin Edition.
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Bitcoin ETFs Record First Weekly Inflow of $343M Amid Bitcoin $63K Rebound
- U.S. Bitcoin spot ETF sees first positive fund flow in seven days, with $343M.,
- Grayscale’s Bitcoin Trust records its first-ever inflow since inception, after draining over $12 billion.
- Institutional interest rekindles as Bitcoin reclaims the $63,500 threshold.
The U.S. Bitcoin spot exchange-traded fund (ETF) has witnessed the first positive fund flow after seven consecutive days of trading with negative flow. More remarkable, Grayscale’s Bitcoin Trust (GBTC) recorded the first-ever inflow since its inception after draining over $12 billion.
According to public records, U.S. Bitcoin spot ETFs ended Friday trading with a net inflow of $343 million. This influx was influenced by Fidelity’s FBTC, which alone witnessed a positive flow of $102.6 million.
Coming next on the ranking was the fund inflow from Grayscale. In particular, Grayscale ETF saw a positive flow of $63 million for the first time since the January approvals. Meanwhile, the firm recorded an outflow of over $12 billion since the approvals.
Other U.S. issuers that saw positive flow on Friday included BlackRock (IBIT), Bitwise (BITB), Ark Invest, Franklin (EZBC), and Invesco Galaxy (BTCO).…
The post Bitcoin ETFs Record First Weekly Inflow of $343M Amid Bitcoin $63K Rebound appeared first on Coin Edition.
Read More