Crypto
Fidelity's FBTC Drives $433M Net Inflow into Bitcoin Spot ETFs
A recent surge in investor interest has led to significant inflows into Bitcoin spot ETFs. According to data from SoSoValue, yesterday (September 18) saw a total net inflow of $433 million into these funds.
Fidelity's FBTC was the standout performer, with a net inflow of $311 million. This brings its historical cumulative net inflow to over $10.362 billion.
The second-largest ETF in terms of net inflow was Blackrock's IBIT, with $108 million pouring in. Its total historical net inflow now stands at $64.125 billion.
The data also shows that the total net asset value of Bitcoin spot ETFs has reached $102.532 billion. This represents a market value ratio to Bitcoin of 6.29%.