US Bitcoin ETFs Inflows Hit $302M
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16 May

US spot Bitcoin ETFs experienced a significant rally with total daily net inflows of $302.97 million on Wednesday, the highest since May 3.

Fidelity's FBTC ETF led the surge, attracting $131 million in daily inflows, followed by the Bitwise fund with $86 million, according to SoSoValue data.

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Ark Invest and 21Shares' ARKB ETF brought in $39 million. In addition, Bitcoin ETFs managed by Valkyrie, VanEck, Invesco, WisdomTree, Franklin Templeton and Galaxy Digital posted single-digit net inflows.

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Grayscale's GBTC, the largest spot Bitcoin fund by net asset value, recorded its third largest net inflow ever, with $27 million. In contrast, BlackRock, the second largest, recorded no net inflows.

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