US Spot Bitcoin ETFs See Net Inflows Surge Amidst Bitcoin Stability

Following a brief period of net outflows, spot bitcoin exchange-traded funds (ETFs) in the US have resumed net inflows, with Fidelity's Wise Origin Bitcoin Fund (FBTC) experiencing a single-day net inflow of $34.83 million. Other notable inflows include the ARK 21Shares Bitcoin ETF ($22.5 million) and The iShares Bitcoin Trust ($19.65 million), while the Grayscale Bitcoin Trust witnessed a net outflow of $35 million. Despite this, US-traded spot bitcoin ETFs have amassed a cumulative net inflow of $12.38 billion since inception.

U.S. Spot Bitcoin ETFs Witness Net Inflows as Bitcoin Holds Steady

Following a brief period of net outflows prior to Bitcoin's block reward halving, spot Bitcoin exchange-traded funds (ETFs) in the United States have returned to net inflows, indicating renewed investor interest in the digital asset. Fidelity's Wise Origin Bitcoin Fund (FBTC) has emerged as the frontrunner, leading the pack on Monday with the largest single-day net inflow of $34.83 million.

Collectively, spot Bitcoin ETFs experienced a significant infusion of capital on Monday, with net inflows exceeding $62 million. The ARK 21Shares Bitcoin ETF and The iShares Bitcoin Trust also saw substantial net inflows, amounting to $22.5 million and $19.65 million, respectively.

In contrast, the Grayscale Bitcoin Trust witnessed the most significant single-day net outflow, with nearly $35 million exiting the product. However, it is noteworthy that since their inception, U.S.-traded spot Bitcoin ETFs have accumulated a cumulative net inflow of $12.38 billion, highlighting ongoing investor demand for these investment vehicles.

BlackRock's IBIT ETF, known for its consistent inflows, extended its streak for the 70th consecutive day on Monday, solidifying its position among the top 10 ETFs with the longest streaks of daily inflows. IBIT currently holds a dominant market share of nearly 54% among spot Bitcoin ETFs.

Despite recent market fluctuations, Bitcoin's price has remained relatively stable, hovering above $66,200 as reported by The Block's Bitcoin Price Page. This stability underscores ongoing investor confidence in Bitcoin and its investment vehicles.