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Bitcoin

US spot bitcoin ETFs post $528 million net inflows as BTC hits $84,700

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US spot Bitcoin exchange-traded funds (ETFs) recorded $528 million in net inflows on Wednesday, as Bitcoin’s price briefly climbed above $84,700 before easing back. The influx of capital marked the third consecutive day of positive flows for these funds. The recent activity followed net inflows of $23 million on Tuesday and $526.6 million on Monday, based on data provided by analytics platform SoSoValue. Over the course of these three sessions, US spot Bitcoin ETFs attracted a total of $1.08 billion from investors. Data from Farside Investors showed that BlackRock’s iShares Bitcoin Trust (IBIT) led the pack on Wednesday with $235 million in net inflows. Fidelity’s Wise Origin Bitcoin Fund (FBTC) was close behind, adding approximately $213 million.

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