Spot bitcoin ETFs in US see $488 million in daily net inflows, matching longest positive streak

U.S. spot bitcoin exchange-traded funds recorded total daily net inflows of $488.24 million on Wednesday, with all 11 funds posting either net inflows or zero flows, following the second-highest daily net inflows recorded on Tuesday.

Fidelity’s FBTC led the net inflows, drawing in $221 million on Wednesday, according to data from SosoValue. BlackRock’s IBIT recorded the second-largest net inflows among the funds, adding $155 million.

Ark Invest and 21Shares’ ARKB brought in $71 million, while Bitwise’s BITB saw daily net inflows of $19 million. Grayscale’s GBTC logged net inflows of $15 million, marking its second consecutive day of net inflows. VanEck’s fund posted $4 million in net inflows, and Invesco and Galaxy Digital’s fund also drew in $4 million.

This marked the 17th consecutive day for the 11 spot bitcoin ETFs to post daily net inflows, matching the longest positive flow streak recorded in January and February.

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The total trading volume of the 11 products amounted to $2.09 billion on Wednesday, compared to $2.78 billion on Tuesday and $1.78 billion on Monday.

Bitcoin BTC -0.047% traded flat at around $70,900 at the time of writing, according to The Block’s price page .