Bitcoin Spot ETFs Draw Record $2.4B in Weekly Net Inflows
U.S. spot Bitcoin ETFs have seen their highest weekly intake in nearly a year, drawing $2.386 billion in net inflows from Sept. 21 through Sept. 25.
BlackRock's IBIT led the group with $1.158 billion in weekly inflows, bringing its cumulative net inflows to $65.28 billion. Fidelity's FBTC ranked second with $702 million for the week and $11.06 billion in cumulative net inflows.
The WisdomTree fund BTCW posted the largest weekly outflow at $4.0161 million, but still had cumulative net inflows of $78.65 million.
Spot Bitcoin ETFs now hold a total of $108.42 billion in net assets, representing 6.43% of Bitcoin's total market value. The funds have seen cumulative net inflows reach $57.55 billion.