U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net inflow of $147.37 million, a four-day positive streak. Fidelity’s FBTC received $57.79 million, while Franklin Templeton’s ETF raised $31.66 million, its highest funding inflow since early May.
IBIT, the largest spot bitcoin fund, saw net inflows of $22.24 million, while Valkyrie’s ETF reported net inflows of $20.68 million.
Invesco and Galaxy Digital’s BTCO received approximately $9.5 million, while Bitwise, Ark Invest, 21Shares, and VanEck received lesser sums.
Only one fund, GBTC, reported net outflows of $8.15 million. On Wednesday, 11 spot bitcoin funds traded a combined $1.25B in value. However, daily transaction activity in spot bitcoin ETFs is still lower than in March and April of this year, reaching over $12 billion.
The value of bitcoin surged 1.17% to $58,728 in the last 24 hours, but remains below the early June price range of over $70,000.
