Bitcoin ETFs Soar with $244M Inflow, Three-Day Total Hits $626M
US-listed Bitcoin ETFs have seen significant inflows in recent days. According to SoSoValue data, spot Bitcoin exchange-traded funds attracted $244.4 million in net inflows on Wednesday, marking three consecutive inflow days for a combined total of $626 million.
This surge in investment comes as Bitcoin briefly climbed above $64,920 on Wednesday. The cryptocurrency is currently trading at $64,744.53, up 0.7% over the previous 24 hours, according to CoinGecko.
BlackRock's iShares Bitcoin Trust ETF (IBIT) led the gains, attracting $479 million over the three-session period and lifting its cumulative net inflows to nearly $61 billion, according to Farside Investors data.