Spot Bitcoin ETFs See $553 Million in Daily Inflows

U.S. spot Bitcoin and Ether ETFs recorded over $660 million in inflows in one day, highlighting revived institutional demand amid expectations of a Federal Reserve rate cut.

BTC

ETH

SOL

189d ago

Fact Check

Evidence from a reputable crypto data source, The Block (Source 10), contains a direct reference to 'Spot bitcoin ETFs log $553...'. Although the text is a snippet, the context of the source page, which tracks daily ETF flows, strongly corroborates the statement as a factual report for a specific day. Other provided sources confirm that daily inflows are highly variable and that a figure of this magnitude is plausible (Source 7, Source 9).

Summary

Spot Bitcoin ETFs in the U.S. saw $552.78 million in inflows on Thursday, led by BlackRock’s IBIT with $366.2 million and Fidelity’s FBTC with $134.7 million. This marks the fourth straight day of gains, totaling $1.7 billion in inflows, raising total net assets to $149.64 billion or 6.57% of Bitcoin’s market cap. Bitcoin traded at $115,455, while spot Ether ETFs attracted $113.12 million, led by Fidelity’s FETH. Together, Bitcoin and Ether ETFs drew over $660 million in a day. Data also shows Bitcoin ETPs now hold 1.47 million BTC, about 7% of supply, with BlackRock and Fidelity leading. The SEC is reviewing 92 crypto ETF applications, including Solana and XRP, with Bloomberg estimating a 95% approval chance this year.

Terms & Concepts

Spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors to gain exposure to BTC without managing private keys or wallets.
ETP: Exchange-Traded Product, a type of security that tracks an underlying asset such as Bitcoin, traded on exchanges like a stock.
Assets Under Management (AUM): The total market value of assets that an investment fund manages on behalf of its investors.