Significant Inflows into Bitcoin ETFs Mark Recovery Trend
- Fidelity and Morgan Stanley’s Bitcoin ETFs recorded a combined $68.2 million in inflows on Thursday.
- US spot Bitcoin ETFs saw a total net inflow of $358.1 million, ending two days of outflows.
- The Fidelity Wise Origin Bitcoin Fund (FBTC) attracted $53.3 million, while the Morgan Stanley Bitcoin Trust (MSBT) brought in $14.9 million.
- BlackRock’s IBIT has amassed $1.5 billion in net inflows this year despite market fluctuations.
- US spot Bitcoin ETFs are now just $80 million shy of reclaiming year-to-date net inflow figures from earlier this year.
The recent surge in Bitcoin ETF inflows reflects growing demand from both retail and institutional investors, highlighting confidence amid market volatility.
With BlackRock’s IBIT achieving significant inflows, the overall US spot Bitcoin ETFs are nearing a total of $56.51 billion, just short of their earlier highs this year.(Source)
