Bittime - Physical Bitcoin ETFs in the US recorded daily net inflows for 12 consecutive days, with BlackRock IBIT leading the way. Grayscale GBTC experienced outflows, while Fidelity FBTC and other ETFs saw smaller inflows. US ETF issuer prepares to launch physical Ethereum ETF.
US Physical Bitcoin ETF Consecutive Inflows
Funds continue to flow into physical Bitcoin exchange-traded funds (ETFs) in the United States. On Wednesday, it recorded a total daily net inflow of $28.32 million . This marks the 12th consecutive day that US physical Bitcoin ETFs have increased funds, the longest streak since late February.
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BlackRock IBIT Returns to Lead
BlackRock, the investment management giant, is again the leader in terms of net inflows. Their ETF, IBIT , attracted $24.5 million according to data from SoSoValue. This achievement led IBIT to become the largest physical Bitcoin ETF based on total net assets under management on Tuesday.
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Grayscale GBTC Experiences Outflows
In contrast, the Grayscale Bitcoin Trust ( GBTC ) actually experienced a net outflow of $31 million . This further widens the gap between IBIT and GBTC.
Fidelity FBTC and Other ETFs Record Inflows
In next place, Fidelity Digital Assets (FDAS) followed with their ETF, FBTC , which saw net inflows of $18 million . Bitwise's ETF attracted $11 million in funds , while ARK Invest, 21Shares, Invesco with Galaxy Digital, and WisdomTree reported smaller inflows.
Accumulated Inflows Reach $13.76 Billion
Overall, the 11 physical Bitcoin ETFs in the US have attracted net fund inflows of more than $2 billion in the last 12 days. The total accumulated net inflow since January also reached $13.76 billion .
US ETF Issuer Prepares to Launch Physical Ethereum ETF
Meanwhile, ETF issuers in the US are preparing for the launch of physical Ethereum ETFs . The United States Securities and Exchange Commission (SEC) approved form 19b-4 for the ETF last week. However, issuers still need form S-1 approval from regulators for the physical Ethereum ETF to begin trading.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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