U.S. Spot Bitcoin ETFs See Continued Net Inflows, Fidelity’s FBTC Leads with $19 Million

MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

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.

MicroStrategy Adds 850 Bitcoin Worth $37.2 Million in January

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.

Also Read other news articles, U.S. Government Offers $5 Million Reward for Capture of Onecoin Co-Founder Ruja Ignatova

NASA Awards SpaceX $843 Million to Deorbit International Space Station by 2030

Entegris Secures $75 Million from Biden Administration for New Colorado Facility

Pooja Chauhan

Pooja Chauhan: Your Source for Entertainment and Box Office News Pooja Chauhan is a passionate writer and dedicated journalist specializing in delivering the latest updates and insights from the world of entertainment and box office. With a keen eye for detail and a deep love for cinema, Pooja brings her readers accurate and engaging coverage of all things related to movies, celebrities, and the dynamic world of showbiz. Her commitment to keeping her audience well-informed and entertained makes her a valuable voice in the realm of entertainment journalism. When she's not busy uncovering the latest scoops, Pooja enjoys exploring classic films and indulging in creative writing." Contact us: admin@bollywoodfever.co.in

Leave a Reply