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Spot Bitcoin exchange-traded funds (ETFs) recorded inflows, accumulating $294.9 million. Blackrock's IBIT topped the list with $187 million in BTC purchases.
This increase brought IBIT's reserves to 310,470.32 BTC, worth $17.83 billion, according to statistics.
Fidelity's FBTC raised $61.54 million and even Grayscale's GBTC, which typically sells BTC, generated $25.08 million in inflows.
Bitwise's BITB raised $11.05 million, and Ark Invest and 21shares ARKB fund raised $8.44 million. Finally, Vaneck's HODL brought $1.59 million to the market.
None of the other ETFs recorded any inflows or outflows as BTCO, BRRR, DEFI, EZBC and BTCW did not trade on these days.
Recent inflows into US spot Bitcoin ETFs highlight growing investor confidence in Bitcoin (BTC) following the recent downturn. Blackrock's leading position, along with significant investments in other funds such as Fidelity's FBTC and Grayscale's GBTC, highlight a competitive and rapidly evolving market.
Despite occasional outflows, US spot Bitcoin ETFs have set records this year. The main point can be called the reversal of GBTC from Grayscale from massive sales to purchases.
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