US spot Bitcoin ETFs posted the largest daily net inflows in more than a month yesterday, totaling $295 million.
This is a significant increase, as net flows into all funds had been negative for the past three weeks.
The largest daily inflow was recorded in BlackRock's fund at $187.2 million, followed by Fidelity's at $61.5 million.
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The Grayscale Bitcoin Trust (GBTC) also recorded positive inflows of $25.1 million. This is the biggest day of inflows since June 5, when ETFs brought in more than $488 million.
This increase comes amid concerns over the German government's sale of large amounts of BTC and repayment of Mt. Gox creditors.