Spot Bitcoin exchange-traded funds (ETFs) recorded $457 million in net inflows on Wednesday, marking their strongest single-day intake in more than a month as institutional demand showed signs of re-acceleration.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the inflows, recording the largest daily intake at roughly $391 million, accounting for the majority of the day’s net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) followed with around $111 million, according to data from Farside Investors.
The inflows lifted cumulative net inflows for US spot Bitcoin (BTC) ETFs to more than $57 billion, while total net assets climbed above $112 billion, equivalent to around 6.5% of Bitcoin’s total market capitalization.
The rebound followed a choppy stretch in November and early…
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Source cointelegraph.com
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