Bitcoin ETF Inflows Could Eclipse $1 Trillion, Predicts Bitwise CIO
Following a week of net outflows, the spot Bitcoin ETF market has rebounded with impressive net inflows this week, highlighting a growing investor confidence in Bitcoin and its associated financial products.
This week’s market activities have shown a remarkable reversal from the previous 5-day net outflow streak, with Tuesday witnessing a substantial net inflow of $480 million, followed by $243.5 million on Wednesday.
Yesterday’s resurgence in investor interest was notably boosted by Blackrock’s massive inflow of $323.8 million, effectively offsetting Grayscale GBTC’s $299.8 million outflows.
Moreover, Ark Invest’s ARKB reported its best day yet, with $200 million in inflows, despite Fidelity experiencing its worst day with a mere $1.5 million in outflows.
Nevertheless, Fidelity managed to bounce back with significant inflows of $261 million and $279 million on Monday and Tuesday, respectively.
Yesterday's ETF flows were positive for $243.5 million.
Blackrock finally woke up again for $323.8 million completely cancelling out $GBTC's $299.8 million outflows.
Ark had their best day yet with $200 million.
Fidelity had its worst day with $1.5 million.
Price dumped on…