On Wednesday, Bitcoin ETFs in the United States experienced their third consecutive day of inflows, bringing in a total of $223.03 million worth of Bitcoin. According to the latest data by SoSoValue, six funds recorded inflows, while one saw outflows. Weekly inflows to date, with two more days to go, are now well over $1 billion.
Leading the day’s inflows was Fidelity’s FBTC fund, which added $121.90 million worth of Bitcoin. Ark Invest’s ARK fund followed with $52.67 million, while Grayscale’s GBTC and BTC funds contributed $20.13 million and $15.74 million, respectively. Bitwise’s BITB fund brought in $12.16 million, and VanEck’s HODL fund rounded out the inflows with $2.87 million.
On the other hand, Valkyrie’s BRR fund recorded outflows of $2.44 million, making it the only fund to see a decrease. Meanwhile, BlackRock’s IBIT fund, which had been the primary driver of inflows on Monday and Tuesday, did not add or remove Bitcoin on Wednesday. The same held true for Invesco’s BTCO, Franklin Templeton’s EZBC, and WisdomTree’s BTCW, which remained unchanged for the day.
At the time of writing, Bitcoin is trading at $100,800, up 3.4% over the last 24 hours, according to CoinMarketCap data. This upward movement in Bitcoin’s price aligns with the ongoing inflows into ETFs, suggesting a continued appetite for exposure to the leading cryptocurrency.