US Spot Bitcoin ETF Sees Continuous Inflows for Tenth Consecutive Day

US Spot Bitcoin ETF Sees Continuous Inflows for Tenth Consecutive Day

The US spot-based Bitcoin ETF continues to experience significant inflows, with data from Farside Investors indicating an influx of approximately $252 million on the 24th. This marks the 10th consecutive trading day of net inflows, demonstrating sustained investor interest in this type of ETF. BlackRock's iShares Bitcoin Trust (IBIT) accounted for the majority of the inflows, with $182 million flowing into the fund. Other notable inflows include $44 million into Fidelity's FBTC, $6.4 million into Bitwise's BITB, and $4 million into Ark 21Shares Bitcoin (ARKB). This consistent inflow suggests a growing appetite among investors for exposure to Bitcoin through regulated investment vehicles. Spot-based ETFs offer investors the opportunity to gain direct exposure to the price of Bitcoin, without the complexities associated with holding the cryptocurrency directly. The sustained inflows into US spot Bitcoin ETFs may be indicative of a broader trend towards the adoption of cryptocurrency as a mainstream investment asset. As the regulatory landscape continues to evolve and more institutional investors enter the market, it is likely that spot-based ETFs will play an increasingly significant role in providing access to Bitcoin for investors seeking diversification and exposure to the digital asset class.