U.S. Bitcoin ETFs saw a substantial increase in inflows on Wednesday, driven primarily by BlackRock’s IBIT fund. Following Tuesday’s $642.87 million Bitcoin purchase, BlackRock added another $872.04 million on Wednesday. Altogether, this brought the day’s Bitcoin ETF inflows to $893.21 million, according to SoSoValue data.
BlackRock’s activity was the standout, but several other funds also recorded notable inflows. Fidelity’s FBTC fund added $12.57 million, while Grayscale’s BTC and Ark Invest’s ARKB each attracted approximately $8 million. Invesco’s BTCO and Valkyrie’s BRR saw inflows of $7.18 million and $6.11 million, respectively. VanEck’s HODL fund rounded out the list with an additional $4.07 million in Bitcoin purchases.
While most funds witnessed positive inflows, Bitwise’s BITB recorded the day’s only outflow, with $23.89 million in Bitcoin leaving the fund.
Notably, some ETFs, including Grayscale’s GBTC, Franklin & Templeton’s EZBC, and WisdomTree’s BTCW, reported no inflows or outflows for the day. Given the overall bullish trend in Bitcoin ETFs, it raises an interesting question: with so much accumulation happening, who is actually selling their Bitcoin?
At the time of writing, Bitcoin trades at $72,300 according to CoinMarketCap data, marking a period of strong market interest and substantial ETF investments.
Keep following us at HowToBuyBitcoin.org where we continue to track these inflows and outflows daily, offering insights into the movements within Bitcoin ETF markets