Bitcoin Spot ETF, Net Inflow for 2 Consecutive Days… $117.46 Million Inflow into IBIT and FBTC

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The US Bitcoin spot ETF market showed a net inflow on this day.

According to Soso Valley aggregated data on the 8th (local time), $117.46 million (164.6 billion won) worth of funds flowed into the US Bitcoin spot ETF market.

Following the previous day's $142.31 million, the inflow continued for two consecutive days.

The ETFs with inflows on this day were ▲BlackRock IBIT ($69 million) ▲Fidelity FBTC ($35.34 million) ▲Ark·21Shares ARKB ($13.12 million), while the remaining 9 ETFs saw no additional fund inflows or outflows.

The cumulative total inflow of Bitcoin spot ETFs was calculated at $40.84 billion.

The total daily trading volume was $3.87 billion (5.4245 trillion won), with the highest trading volumes in ▲BlackRock IBIT ($3.17 billion) ▲Fidelity FBTC ($283.86 million) ▲Grayscale GBTC ($156.17 million).

The total net asset value of Bitcoin spot ETFs is $11.866 billion, accounting for 5.82% of the total Bitcoin supply.

Based on net asset value, ▲BlackRock IBIT ($6.291 billion) ▲Fidelity FBTC ($2.012 billion) ▲Grayscale GBTC ($1.918 billion) ranked 1st to 3rd.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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