Spot Bitcoin ETF Inflows Resume Again

Spot Bitcoin ETF flows have once again turned net positive after the drop in the core CPI for December, which triggered a rally in global equity and crypto markets.

Crypto markets witnessed a strong recovery on Wednesday, as evidenced by the surge in spot Bitcoin ETF flows, which turned net positive following a drop in the core CPI for December.

The燊فرة triggered a rally in global equity and crypto markets, leading to a spike in inflows. Fidelity’s FBTC ETF saw the highest inflows of $463 million.

Over four sessions of outflows, the spot Bitcoin ETF witnessed strong inflows on Wednesday, led by Fidelity. These Bitcoin investment products withdrew more than 7,548 Bitcoins from the market, contrasting sharply with the daily BTC production of 450 BTC.

As shown above, Fidelity’s FBTC saw inflows totaling to $463 million, leading the pack, while Ark Invest’s ARKB came second clocking $138 million of inflows.

Although BlackRock’s iShares Bitcoin Trust (IBIT) saw only $31 million in inflows, it clocked a massive $2.35 billion in trading volumes. On the other hand, Fidelity’s FBTC clocked $284 million in trading volumes.

Asset managers are also working to expand the Bitcoin offerings to other global markets. Earlier this week, BlackRock launched a Bitcoin ETF variant on CBOE Canada.

Apart from the US, the demand for Bitcoin ETFs continues to remain strong. Hunter Horsley, CEO of Bitwise Invest stated that they have continued to receive inquiries from other nation-states as well. He said:

“We just provided some information for a nation state asking about Bitcoin ETFs. Considering moving some exposure from foreign currency govt bonds into BTC. Bitcoin is entering a new chapter”.