The cumulative total net inflow for US spot Bitcoin exchange-traded funds has surpassed $30 billion for the first time since their launch in January.
This increase in inflow can be attributed to the bullish market sentiment following the re-election of former president Donald Trump.
As of Wednesday, the total net asset value of these funds has exceeded $100 billion. On Thursday, the 12 Bitcoin ETFs reported a daily net inflow of $1 billion, bringing the cumulative total flow to $30.35 billion.
The leading inflows came from BlackRock’s IBIT with $608.41 million, followed by $300.95 million into Fidelity’s FBTC.
Other notable inflows were seen in Bitwise’s spot Bitcoin fund, ARK and 21Shares’ ARKB, Grayscale’s Mini Bitcoin Trust, and Bitcoin ETFs from VanEck and Franklin Templeton.
