US Bitcoin Spot ETFs See Net Inflows of $920 Million This Week

In Brief:

This week, US Bitcoin spot ETFs recorded a net inflow of $920.9 million.

BlackRock IBIT saw the largest inflow of $1.03 billion, while Grayscale GBTC experienced a significant outflow of $171.5 million.

In a major development for the Bitcoin market, US Bitcoin spot ETFs have seen a net inflow of $920.9 million this week, as reported by Farside Investors. Among the various ETFs, BlackRock's IBIT recorded the largest inflow, amounting to $1.03 billion. Other ETFs like Fidelity's FBTC and ARK's ARKB also saw positive inflows, contributing to the overall growth in the market.

However, not all Bitcoin ETFs experienced growth. Grayscale's GBTC saw a substantial outflow of $171.5 million, while Bitwise's BITB, Franklin's EZBC, and VanEck's HODL also had negative net inflows, reflecting the varying demand for different Bitcoin investment products.

Despite these mixed results, the overall trend for Bitcoin spot ETFs this week remains positive, with a cumulative net inflow highlighting investor confidence in Bitcoin as a secure asset.

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