Bitcoin ETFs Record Ninth Consecutive Day of Net Inflows

Grayscale's converted GBTC experienced an outflow of $14 million, while Bitwise and Valkyrie recorded no flows during the same period.

On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted $107.91 million in net inflows, marking the longest streak since mid-March’s 10-day run.

BlackRock's IBIT Leads Inflows in U.S. Spot Bitcoin ETFs — Source : SoSoValue

According to SoSoValue data, IBIT from BlackRock led with $89 million in inflows, followed by FBTC from Fidelity at $19 million and VanEck’s fund at $10 million. Ark Invest and 21Shares’ fund, as well as Invesco and Galaxy Digital’s ETF, each received $2 million in inflows.

Meanwhile, Grayscale’s converted GBTC saw an outflow of $14 million, while other funds like Bitwise and Valkyrie recorded no flows.

Since their January launch, investors have poured over $13.43 billion into these 11 ETFs, though inflows have tapered off from their peak in March, while Bitcoin’s price has fallen by 3.58% in the last 24 hours to reach $67,119.

After market close on Thursday, the U.S. Securities and Exchange Commission approved 19b-4 forms for eight spot Ethereum ETFs from major firms, yet trading awaits S-1 registration statement approval.

Also Read: Nasdaq Submit Updated Forms for Blackrock Ethereum ETF

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