There were $28.32 million of net inflows into US spot Bitcoin exchange-traded funds on Wednesday, continuing a trend of 12 consecutive days of inflows, the longest streak since late February, according to SoSoValue data.
The top contributor was BlackRock's IBIT, which brought in $24.5 million, while Grayscale's GBTC posted $31 million in net outflows.
This widened the gap between the two, as IBIT recently became the largest Bitcoin ETF in terms of assets under management.
Other funds also recorded inflows, including Fidelity's FBTC, with $18 million, Bitwise’s ETF, with $11 million, and smaller amounts from the 21Shares, Ark Invest, Invesco and Galaxy Digital, and WisdomTree ETFs.
In total, the 11 spot Bitcoin ETFs have experienced net inflows of more than $2 billion over the past 12 days.