Bitcoin ETFs See $39M Inflows as Market Holds Steady

Bitcoin ETFs Record $39M Inflows

On Thursday, Bitcoin held steady around $57,925, providing a positive backdrop for U.S. Bitcoin ETFs. The 11 funds combined brought in $39.02 million for the day, marking a decent day for the market. However, Grayscale’s GBTC fund was the only one to record outflows, with $6.51 million exiting. This according to SoSoValue data.

Six funds managed to pull in gains throughout the day. Leading the pack was ARK Invest’s ARKB with inflows of $18.28 million, followed by Fidelity’s FBTC, which added $11.47 million. Grayscale’s BTC fund saw $5.18 million in gains, while VanEck’s HODL brought in $4.95 million. Franklin & Templeton’s EZBC attracted $3.38 million, and Bitwise’s BITB closed the day with $2.22 million in inflows.

BlackRock’s IBIT fund remained inactive, with no Bitcoin added for the day. Other funds, including Valkyrie’s BRRR, Invesco’s BTCO, and WisdomTree’s BTCW, also saw no inflows or outflows, making it a quiet day for these players.

Overall, it was a steady day for Bitcoin ETFs, with the market maintaining its footing and select funds continuing to capture investor interest.

 

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