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US Bitcoin ETF Records Three Consecutive Days of Inflows, Garnering $3.03M on Wednesday
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US spot bitcoin exchange-traded funds (ETFs) demonstrated robust performance on Wednesday, marking a three-day streak of inflows and accruing $303 million in gains on May 15. Notably, Blackrock’s IBIT observed minimal inflows, registering zero inflows over recent trading sessions. Conversely, Grayscale’s Bitcoin Trust (GBTC) witnessed inflows of approximately $27 million during the day.
FBTC Leads Inflows, GBTC Continues Positive Trend
US spot bitcoin ETFs exhibited strong performance this week, with three consecutive days of inflows following two days of modest outflows last week.
On Monday, these ETFs saw $66 million in positive inflows and $1.22 billion in trade volume. Tuesday recorded $100.5 million in net inflows and $977 million in volume.
Wednesday's activity propelled the week further, with a total of $303 million in positive inflows, according to data from coinglass.com. GBTC sustained its positive trend with $27 million in inflows, while Fidelity’s FBTC led the day with $131 million.
Source：osovalue
Other ETFs experienced modest inflows, with IBIT reporting no inflows and BITB gathering nearly $87 million during the trading sessions. As of Wednesday morning, GBTC held 289,336.91 BTC, with the firm reporting a total of 288,497.65 BTC held in reserves.
GBTC’s reserve figure may see a slight increase with tomorrow’s website reserve update. GBTC remains the largest US spot bitcoin ETF, followed by IBIT with 274,755.14 BTC in holdings.
FBTC currently holds 155,744.78 BTC, while Ark Invest’s ARKB fund contains 46,280 BTC. Bitwise’s BITB fund secures approximately 35,416.53 BTC in reserves. The recent inflow trends among US spot bitcoin ETFs underscore a competitive landscape, with different funds experiencing varying levels of success since their January launch.
The recent streak of inflows among US spot bitcoin ETFs showcases a positive sentiment towards these investment vehicles. However, the disparities in inflow levels highlight the competitive dynamics within the market, emphasizing the importance of consistent performance and investor confidence.
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