Crypto
Bitcoin ETFs Draw Record $731M Inflows Amid Institutional Interest
The US spot Bitcoin ETFs saw their largest single-day inflows since January, totaling $731 million on Thursday. This surge in activity was led by BlackRock's IBIT, which contributed about $454 million to the day's total.
Ark and 21Shares' ARKB followed with $138 million, while Fidelity's FBTC accounted for $74 million. Grayscale added another $57 million combined to the cumulative figure.
VanEck's HODL and WisdomTree's BTCW were the only funds to report net outflows, losing $20 million and $5 million respectively.
The collective net assets for U.S. spot bitcoin ETFs now stand at $103.34 billion, representing just over 6% of Bitcoin's entire market capitalization.