On Thursday, U.S. Bitcoin ETFs bounced back with a combined inflow of $11.11 million, following a tough day with net outflows of $81.36 million on Wednesday as per SoSoValue data.
Fidelity’s FBTC led the charge, pulling in $16.25 million in inflows. Bitwise and Grayscale’s BTC fund also saw positive movement, with inflows of $6.23 million and $13.66 million, respectively. However, not all funds shared in the gains. BlackRock’s IBIT fund didn’t record any inflows today, and Grayscale’s GBTC continued its losing streak, with $25.03 million flowing out.
Other ETFs, including VanEck, Valkyrie, Invesco, Franklin Templeton, WisdomTree, and ARK, had a quiet day with no inflows to report.
Over the last 24 hours, Bitcoin has experienced a pullback dipping to an intraday low of $56.632, roughly eight hours ago. The price has recovered somewhat since, and Bitcoin is currently trading at $57,987 according to CoinMarketCap data.