The U.S. Bitcoin spot ETF’s net inflow reached $422 million yesterday, showing net inflows for 8 consecutive days

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According to preliminary statistics from Farside Investors, the total net inflow of U.S. Bitcoin spot exchange-traded funds (ETF) yesterday (16th) was approximately US$422 million, showing net inflows for the eighth consecutive trading day.

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Daily fund flows of the U.S. Bitcoin Spot ETF (Source: SoSo Value )

The Bitcoin spot ETF with the largest net inflow yesterday was IBIT issued by BlackRock, with an amount of US$260 million, followed by FBTC issued by Fidelity, with an amount of US$61.1 million. GBTC issued by Grayscale experienced zero net flow for two consecutive trading days for the first time.

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Daily fund flows of 11 U.S. Bitcoin spot ETFs, source: Farside Investors

It is worth noting that BlackRock’s IBIT’s cumulative net inflows ($18.639 billion) since its listing in January this year have exceeded Grayscale’s GBTC’s total net outflows.

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Cumulative fund flow changes in the U.S. Bitcoin Spot ETF, source: Farside Investors

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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