US Spot Bitcoin ETFs Record Net Inflows of Almost $66 Million Led by FBTC

According to The Block: US spot Bitcoin Exchange-Traded Funds (ETFs) saw nearly $66 million in net inflows yesterday, boosting their cumulative total net inflow since their listings to almost $11.75 billion. The most significant contributor was the Fidelity Wise Origin Bitcoin Fund, which recorded $39 million in one-day net inflows, according to SoSo Value data. Other notable ETFs such as the Bitwise Bitcoin ETF (BITB) and VanEck Bitcoin Trust ETF (HODL) also experienced inflows of $20 million and $7 million, respectively. Interestingly, other spot Bitcoin ETFs, including Grayscale's converted Bitcoin Trust (GBTC) which has reported approximately $18 billion in cumulative net outflows, did not show any significant net flows in either direction. Although spot Bitcoin ETF volumes picked up to their highest level since the start of the month, the general trend is downwards, with slight but consistent decreases in daily assets under management since early April. Meanwhile, in Hong Kong, its Bitcoin ETFs reportedly had 535 BTC in net outflows yesterday, pushing aggregated Bitcoins under management below the seed BUM according to K33 Research senior analyst, Vetle Lunde.