NEW YORK, Jun 27, 2024 — On Wednesday, spot Bitcoin exchange-traded funds (ETFs) in the U.S. reported a notable $21.52 million in net inflows, extending the positive trend that began the previous day. This consistent influx of capital underscores the growing investor interest and confidence in Bitcoin ETFs.

Fidelity's FBTC led the day with the largest net inflows, attracting $19 million, according to data from SoSoValue. This substantial increase highlights the continued strong performance of Fidelity's ETF in the market. Grayscale's GBTC also saw a significant boost, with $4 million in net inflows, marking its first positive flow since June 5. This rebound indicates renewed investor interest in Grayscale's offerings. Additionally, VanEck's Bitcoin ETF experienced $3 million in inflows on Wednesday, contributing to the overall positive trend.

In contrast, Ark Invest and 21Shares' ARKB were the only funds to record net outflows on the day, amounting to $5 million. The remaining Bitcoin ETFs from firms such as BlackRock, Bitwise, and Valkyrie reported no significant changes in flows, with their figures remaining steady.

Since their debut in January, spot Bitcoin ETFs have accumulated a total of $14.44 billion in cumulative net inflows. This impressive figure reflects the increasing acceptance and integration of Bitcoin ETFs into the investment landscape, showcasing their growing role in providing regulated and accessible exposure to Bitcoin. The ongoing positive streak in net inflows for Bitcoin ETFs underscores a broader trend of increasing institutional and retail investor interest in cryptocurrency investments. This sustained momentum suggests that Bitcoin ETFs are becoming a more established and trusted vehicle for gaining exposure to digital assets.