US Bitcoin Spot ETF Records Nine Consecutive Trading Days of Net Inflows
CryptoNewsTerminal Staff24 May, 2024
US Bitcoin Spot ETF Records Nine Consecutive Trading Days of Net Inflows
The US Bitcoin spot exchange-traded fund (ETF), which provides investors with exposure to the price of the digital asset, has witnessed sustained inflows for the past nine trading days. On August 23 (local time), approximately $19 million in net inflows were recorded into the fund, as per data from crypto asset management firm HODL Capital. The fund has witnessed a total of $19 million in inflows from Fidelity FBTC, $2 million from Ark-21Shares ARKB, $10 million from VanEck HODL, and $2 million from Invesco-Galaxy BTCO. Grayscale GBTC, on the other hand, saw an outflow of $14 million during the same period. Earlier this month, Coindesk reported that the total Bitcoin (BTC) holdings of US Bitcoin spot ETFs surpassed 850,000. This continuous inflow of capital into Bitcoin spot ETFs suggests growing investor interest and confidence in the digital asset.
