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Spot Bitcoin ETFs record $457M inflows in ‘early positioning’ push

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 193 Views

Spot Bitcoin ETFs logged their strongest inflows in over a month amid renewed institutional demand tied to shifting macro expectations.

Spot Bitcoin exchange-traded funds (ETFs) recorded $457 million in net inflows on Wednesday, marking their strongest single-day intake in more than a month as institutional demand showed signs of re-acceleration.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows, recording the largest daily intake at roughly $391 million, accounting for the majority of the day’s net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) followed with around $111 million, according to data from Farside Investors.

Other funds saw modest withdrawals. Bitwise’s BITB saw about $8.4 million in outflows, ARK 21Shares’ ARKB recorded roughly $37 million in outflows, and Hashdex’s DEFI posted around $1.5 million in net outflows on the day.

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