Following the Federal Reserve’s rate cuts on Wednesday, Bitcoin continued its upward trend, trading at $63,500 currently. The positive sentiment spilled over into the U.S. Bitcoin ETFs, which added a total of $158.21 million on Thursday, according to data from SoSoValue.
Several ETFs recorded inflows, with Ark Invest’s ARKB leading the pack, pulling in $81.07 million. Fidelity’s FBTC followed with $49.88 million, while Bitwise’s BITB brought in $10.36 million. Grayscale’s BTC fund also added $9.54 million to the day’s positive tally.
Interestingly, no outflows were recorded across any funds, further underscoring the optimistic outlook. Some funds held steady, with no changes in their positions. Among those without any flows for the day were BlackRock’s IBIT, Valkyrie’s BRRR, Grayscale’s GBTC, VanEck’s HODL, Invesco’s BTCO, Franklin & Templeton’s EZBC, and WisdomTree’s BTCW.
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