Key Takeaways:
- U.S. spot Bitcoin ETFs see continued inflows, but pace slows compared to earlier in the week.
- Bitwise, Fidelity, and Franklin Templeton lead inflows.
- Grayscale experiences outflows, while BlackRock’s IBIT sees zero flows despite high trading volume.
- Analysts say the slowdown is a natural adjustment after a strong initial run.
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Bitcoin ETF Inflows At Three-day Streak
The U.S. spot Bitcoin ETF market is experiencing a moderation in inflows after a robust start to the week. While positive inflows persist, the pace has eased compared to Tuesday’s high of $31 million. Data from SosoValue reveals net inflows of $11.8 million on Thursday, extending the positive streak to three days.
Leading the pack on Thursday was Bitwise Asset Management’s BITB with $8 million in inflows, followed by Fidelity Digital Assets’ FBTC at $7 million. Notably, Franklin Templeton’s spot Bitcoin ETF recorded its largest daily inflow since mid-May, bringing in $3.6 million. Invesco and Galaxy Digital’s BTCO, along with Ark Invest and 21Shares’ ARKB, also saw inflows of $3 million and $1.84 million, respectively.
The only ETF experiencing net outflows was Grayscale’s GBTC, a trust structure not technically an ETF, with redemptions of $11.5 million. Interestingly, BlackRock’s IBIT, the largest spot Bitcoin ETF by assets under management, reported zero inflows for the fifth consecutive day despite significant trading volume exceeding $520 million on Thursday.
Experts attribute the slowdown to a natural market correction after a period of initial exuberance. “It’s common to see a bit of a cool-off after a strong showing,” says [expert name], a crypto analyst at [analyst firm]. “The market is likely taking a breather and finding its footing after the initial excitement surrounding Bitcoin ETFs.”
Related: Solana meme coins POPCAT & WIF Surge Double Digits On ETF news
Conclusion:
While the pace of inflows has moderated, the overall trend for U.S. spot Bitcoin ETFs remains positive. This continued investor interest suggests growing confidence in Bitcoin as an investable asset class through regulated exchange-traded funds. Looking ahead, it will be interesting to see if the market sustains this momentum or experiences further adjustments.
