Bitcoin ETFs Record First Weekly Inflow of $343M Amid Bitcoin $63K Rebound
- U.S. Bitcoin spot ETF sees first positive fund flow in seven days, with $343M.,
- Grayscale’s Bitcoin Trust records its first-ever inflow since inception, after draining over $12 billion.
- Institutional interest rekindles as Bitcoin reclaims the $63,500 threshold.
The U.S. Bitcoin spot exchange-traded fund (ETF) has witnessed the first positive fund flow after seven consecutive days of trading with negative flow. More remarkable, Grayscale’s Bitcoin Trust (GBTC) recorded the first-ever inflow since its inception after draining over $12 billion.
According to public records, U.S. Bitcoin spot ETFs ended Friday trading with a net inflow of $343 million. This influx was influenced by Fidelity’s FBTC, which alone witnessed a positive flow of $102.6 million.
Coming next on the ranking was the fund inflow from Grayscale. In particular, Grayscale ETF saw a positive flow of $63 million for the first time since the January approvals. Meanwhile, the firm recorded an outflow of over $12 billion since the approvals.
Other U.S. issuers that saw positive flow on Friday included BlackRock (IBIT), Bitwise (BITB), Ark Invest, Franklin (EZBC), and Invesco Galaxy (BTCO).…
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