BlackRock’s bitcoin fund posted the largest inflows of the day worth $110.37 million, while Grayscale’s GBTC saw $53.86 million net outflows.
The 11 U.S. spot bitcoin exchange-traded funds saw $53.35 million in total daily net inflows on Wednesday, extending the positive streak to its ninth day. However, Wednesday’s net inflows were significantly lower than Tuesday’s $422 million.
On the other hand, Grayscale’s GBTC saw $53.86 million net outflows, along with $6 million outflows from Bitwise’s BITB. Remaining seven funds, including Ark Invest and 21Shares’ ARKB, reported zero flows yesterday.
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