Mass inflows into US-listed spot Bitcoin exchange traded funds (ETFs) continue to gain momentum. According to the latest data, the Spot Bitcoin ETF recorded high net inflows for the third day in a row, totaling over $1.7 billion. This trend indicates renewed interest from institutional investors in crypto assets, increasing market optimism.
Net inflows into Spot Bitcoin ETFs on Wednesday were $843.6 million, according to SoSoValue data. The figure marked the highest daily inflow since Oct. 7 and also surpassed the three-month record of $754 million set on Tuesday. Therefore, the total amount of money flowing into Bitcoin ETFs over the past three days reached $1.71 billion.
On this day, 8 out of 12 Bitcoin ETFs on the market reported net inflows. BlackRock IBIT, the largest Bitcoin ETF, recorded inflows of $648 million, while Fidelity’s FBTC fund recorded inflows of $125.4 million. Ark&21Shares’ ARKB fund recorded inflows of $27 million, while Grayscale, Bitwise, VanEck, Valkyrie and Franklin Templeton funds also saw active capital movement.
Nick Rick, director of LVRG Research, said this strong demand for ETFs shows institutional investors are taking risks again after taking a cautious stance at the end of the year. Similarly, Vincent Liu, chief investment officer at Cronos Research, said sustained net inflows into crypto ETFs will create “structural support” for prices.
Meanwhile, the Spot Ethereum ETF recorded net inflows for the third day in a row, with positive flows of $175 million. On the same day, the Spot Solana ETF had inflows of $23.5 million and the XRP ETF had inflows of $10.6 million. On the market, Bitcoin was trading at $96,447, up 1.79% in the past 24 hours, while Ethereum was stable at $3,313.
*This is not investment advice.
