Shocking Surge: Bitcoin ETFs Rack Up $887 Million in Single-Day Inflows

Preliminary data reveals a staggering display of investor appetite, as U.S. Bitcoin exchange-traded funds (ETFs) recorded their second-highest single-day net inflow, totaling a whopping $887 million. Leading the pack, the Fidelity Wise Origin Bitcoin Fund (FBTC) attracted a jaw-dropping $378.7 million, followed by BlackRock's iShares Bitcoin Trust (IBIT) at $275 million and ARK 21 Shares' ARKB at $138 million, underscoring the relentless demand for cryptocurrency exposure despite ongoing price fluctuations.

According to preliminary data, the Fidelity Bitcoin fund led the pack of U.S. spot Bitcoin ETFs with $378.7 million in net inflows on the second-highest joint net inflow day for these products.