Spot Bitcoin ETFs Draw Record $433 Million in Net Inflows

U.S. spot Bitcoin exchange-traded funds (ETFs) have been experiencing a surge in popularity, with net inflows reaching $433 million in a single day.

This marks the second consecutive day of positive flows for U.S. spot Bitcoin ETFs, according to data from SoSoValue.

Fidelity's FBTC and BlackRock's IBIT were the top performers, attracting a combined total of $419.16 million, accounting for 96.8% of total inflows.

FBTC led the day with net inflows of $310.72 million, while IBIT drew in $108.44 million.

Cumulatively, U.S. spot Bitcoin ETFs have seen a significant increase in net inflows, reaching $55.16 billion.