US Bitcoin Spot ETFs Log Fifth Straight Day of Inflows, Adding $190 Million in a Single Day

Capital is pouring into the US Bitcoin spot exchange-traded fund (ETF) market day after day. On the 24th (local time), $190.64 million (approximately 260 billion won) in net inflows extended the recent upward momentum, marking the fifth consecutive trading day of net inflows for US Bitcoin spot ETFs.

According to data compiled by Trader T, BlackRock's iShares Bitcoin Trust (IBIT) led the day's inflows. IBIT recorded $162.63 million (approximately 220 billion won) in net inflows, accounting for more than 85% of the total. Fidelity's Wise Origin Bitcoin Fund (FBTC) took in $12.86 million (approximately 17 billion won), while Morgan Stanley's MSBT attracted $10.16 million (approximately 14 billion won).

Mid-sized and smaller products also drew capital. Franklin Templeton's EZBC posted $4.88 million (approximately 6.6 billion won) in net inflows, and Bitwise's BITB saw $4.13 million (approximately 5.6 billion won). On the other hand, WisdomTree's BTCW experienced outflows of $4.02 million (approximately 5.5 billion won). Grayscale's GBTC and BTC Mini, Ark Invest's ARKB, and VanEck's HODL recorded no net flows.

Five-Day Cumulative Total Reaches $2.65 Billion

The intensity of recent inflows is exceptional. The previous day, the 23rd, saw $346.98 million (approximately 470 billion won) enter in a single day, bringing the five-day cumulative net inflow to $2.65 billion (approximately 3.6 trillion won). This is the largest since October 10 of last year.