US Spot Bitcoin ETFs Draw $11.8M Thursday, Bitwise’s BITB Led the Pack With $8M

U.S. spot bitcoin exchange-traded funds (ETFs) attracted $11.8 million on Thursday, marking the third consecutive day of inflows. Bitwise’s BITB fund topped the list, bringing in $8 million during the trading sessions.

Demand for Bitcoin ETFs Continues

Since Jan. 11, 2024, the 11 spot bitcoin ETFs have accumulated $14.45 billion in total net inflows, including Thursday’s $11.8 million boost. This represents the third consecutive day of gains for the bitcoin ETFs, although the daily inflows have slightly declined each day. Additionally, daily trade volume has dropped, with Thursday seeing $919.95 million in volume.

Bitwise’s BITB led with $8 million in inflows, followed by Fidelity’s FBTC, which attracted $7 million. Franklin Templeton’s EZBC brought in $4 million, Invesco’s and Galaxy’s BTCO gained $3 million, and Ark Invest’s and 21shares’ ARKB saw $2 million in inflows. Meanwhile, Grayscale’s GBTC experienced $11 million in outflows.

The outflows from GBTC offset the day’s gains, while the remaining ETFs, including IBIT, HODL, BRRR, BTCW, and DEFI, had neutral days. After Thursday’s trading sessions, the combined BTC reserves of all 11 ETFs stand at $53.13 billion. The persistent inflows into U.S. spot bitcoin ETFs, despite declining daily trade volumes and outflows from Grayscale’s GBTC, underscore continued investor appetite for bitcoin exposure through these funds.

What do you think about the spot bitcoin ETF inflows on Thursday? Share your thoughts and opinions about this subject in the comments section below.

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