Daily Inflows into Bitcoin ETFs Hit $887M

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According to initial data, the United States has witnessed the second-highest net inflow day for Bitcoin exchange-traded funds (ETFs) with $886.6 million.

The top performers were Fidelity Wise Origin Bitcoin Fund (FBTC) with $378.7 million and BlackRock’s iShares Bitcoin Trust (IBIT) with $274.4 million. The ARK 21Shares Bitcoin ETF (ARKB) also saw significant inflows of $138.7 million, making it the third-best performer.

This is the highest inflow since March 12, when the funds saw a record-breaking $1.04 billion in net inflows, just a day before Bitcoin hit its all-time high of $73,679.

Farside data also reported a rare inflow day for Grayscale Bitcoin Trust (GBTC) with $28.2 million, making it the seventh time since its conversion to a spot ETF in January.

However, GBTC has seen a total of $17.8 billion in net outflows due to its high management fee and narrowed discount. The fund’s holdings have decreased from 620,000 BTC to 285,481 BTC, currently valued at $20.2 billion according to the Apollo Bitcoin Tracker.