Crypto
Bitcoin Price Dips Below $84K Despite Record-Breaking ETF Inflows
Bitcoin ETF inflows slowed to $347 million on Wednesday as Bitcoin's price fell below $84,000. Despite this decline, US spot Bitcoin exchange-traded funds (ETFs) have drawn about $2.65 billion over the five sessions through Wednesday.
The largest US spot Bitcoin ETF by assets, BlackRock's iShares Bitcoin Trust (IBIT), led with $166 million in inflows on Wednesday. This was followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $143 million in inflows.
US spot Ether ETFs also drew around $105 million on Wednesday, marking their fourth consecutive day of net inflows and lifting cumulative inflows to $13.8 billion. Spot XRP ETFs added $18 million, bringing cumulative inflows to about $1.8 billion.