US spot bitcoin #ETFs have recorded their second-highest net inflow day, amassing $887M. The Fidelity Wise Origin #Bitcoin Fund (FBTC) led the pack with $378.7M, closely followed by #BlackRock’s iShares Bitcoin Trust (IBIT) at $275M. Bitcoin prices surged to nearly $72K on Wednesday, increasing more than 5% over the past five days.
ARK 21Shares Bitcoin ETF (ARKB) also saw significant activity, with net inflows exceeding $138M. This wave of investment marks the highest inflows since March 12, when these funds collectively drew in a record $1.04B, propelling Bitcoin to a new peak the following day. #Grayscale Bitcoin Trust (GBTC) also had a rare influx, receiving $28.2M, marking only the seventh net positive day of inflows since its conversion to a spot ETF in January.
With spot #ETH ETFs also in the headlines this week, some experts believe that the investment vehicles could see close to $5B worth of inflows in just the first 5 months after they begin trading. It has been noted however that these ETFs will not be able to accrue staking yield rewards upon launch
Posted Using InLeo Alpha
Source of potential text plagiarism
Hello.
Plagiarism is the copying & pasting of others' work without giving credit to the original author or artist.
We would appreciate it if you could avoid plagiarism of content (full or partial texts, videos, photography, art, etc.).
Thank you.
Guide: Why and How People Abuse and Plagiarise
If you believe this comment is in error, please contact us in #appeals in Discord.