Spot Bitcoin ETFs in the U.S. report $21.52 million in net inflows on Wednesday, led by Fidelity’s FBTC with $19 million. SEC approval for spot Ethereum ETFs expected soon.
United States, Bollywood Fever: U.S. spot bitcoin exchange-traded funds (ETFs) reported $21.52 million in net inflows on Wednesday, maintaining the positive trend that started on Tuesday.
Fidelity’s FBTC recorded the largest net inflows of the day, amounting to $19 million, according to data from SoSoValue. Grayscale’s GBTC saw net inflows of $4 million, marking its first positive flow since June 5. VanEck also experienced $3 million worth of inflows on Wednesday.
Conversely, Ark Invest and 21Shares’ ARKB recorded the only net outflows of the day, totaling $5 million. Other funds, including those from BlackRock, Bitwise, and Valkyrie, reported zero flows.
Since their debut in January, spot bitcoin ETFs have accumulated $14.44 billion in cumulative net inflows.
Ether Funds Imminent
In related news, Reuters reported on Wednesday that the U.S. Securities and Exchange Commission (SEC) might approve spot Ethereum ETFs as soon as next Thursday, July 4, citing anonymous sources. Senior Bloomberg ETF analyst Eric Balchunas had previously predicted July 2 as a possible launch date.
SEC Chair Gary Gensler indicated earlier this week that the launch process of spot ether ETFs is “going smoothly,” although he did not specify an exact timeframe. The regulatory agency granted preliminary approval for spot ether ETFs last month and is currently reviewing the amended registration statements from issuers.
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