Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTC

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Daily spot bitcoin ETF inflows top $100 million as ARKB overpowers GBTC
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Spot bitcoin ETFs in the U.S. saw a daily net inflow of over $100 million yesterday as ARKB inflows overpowered the usual GBTC outflows.

Spot bitcoin exchange-traded funds in the United States returned to a daily net inflow of over $100 million yesterday as inflows into the ARK 21 Shares Bitcoin ETF overpowered the usual outflows from the Grayscale Bitcoin Trust.

The Fidelity Wise Origin Bitcoin Fund, Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, Valkyrie Bitcoin Fund and Franklin Bitcoin ETF also all saw net inflows, while the rest — including BlackRock's iShares Bitcoin Trust — recorded no net inflows. However, spot bitcoin ETF volumes have continually and steadily declined since peaking on March 5, as evidenced by The Block's Data Dashboard.

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