On Wednesday, Bitcoin ETFs in the United States saw mixed activity, but the day ended on a positive note, thanks to BlackRock’s IBIT fund. For the second time this week, IBIT was the driving force behind turning total inflows positive, much like it did on Monday. The 11 funds brought in $192.31 million on Wednesday.
BlackRock’s IBIT added $317.47 million in Bitcoin to its holdings, making it the largest inflow of the day. Grayscale’s BTC fund also joined the buying, albeit on a smaller scale, adding $4.71 million worth of Bitcoin, according to SoSoValue data.
However, it wasn’t all positive across the board. Three funds recorded outflows on Wednesday, with Ark Invest’s ARKB fund selling $99.04 million worth of Bitcoin, marking another significant reduction in its holdings. Bitwise’s BITB also saw outflows, losing $25.21 million, while VanEck’s HODL fund shed $5.61 million, despite its name.
Meanwhile, several other funds, including Grayscale’s GBTC, Fidelity’s FBTC, Invesco’s BTCO, Valkyrie’s BRRR, Franklin & Templeton’s EZBC, and WisdomTree’s BTCW, showed no inflows or outflows during the day.
At the time of writing, Bitcoin is trading at $67,250, based on CoinMarketCap data.