On Wednesday, Bitcoin ETFs saw a strong inflow, totaling $458.54 million, with no funds recording outflows. BlackRock’s IBIT fund led the way, adding a significant $393.40 million in Bitcoin to its holdings, continuing its buying trend. The numbers show big confidence in the market, as Bitcoin maintained its position above $67,000, trading at $67,400 at the time of writing, according to CoinMarketCap.
Other funds also contributed to the day’s positive inflows, though on a smaller scale. Fidelity’s FBTC brought in $14.81 million, followed by Bitwise’s BITB at $12.93 million. Franklin & Templeton’s EZBC fund added $11.79 million, and Ark Invest’s ARKB recorded $11.51 million in inflows. Invesco’s BTCO, VanEck’s HODL, and Valkyrie’s BRRR funds saw smaller additions of $6.43 million, $5.75 million, and $1.92 million, respectively.
Meanwhile, three funds did not make any new purchases on Wednesday. These were Grayscale’s GBTC, Grayscale’s BTC, and WisdomTree’s BTCW.
The strong inflows across multiple funds, especially led by BlackRock, indicate a continued appetite for Bitcoin exposure, as the flagship cryptocurrency holds steady above a key price level.
We’ll keep monitoring these trends daily, providing updates on fund movements and Bitcoin’s market behavior here at HowToBuyBitcoin.org, so keep following us.