Eleven US spot bitcoin exchange-traded funds received a total of $53.35 million in daily net inflows on Wednesday, extending their positive streak to nine consecutive days. BlackRock’s IBIT experienced the highest net inflows of the day, totaling $110.37 million.
The Bitcoin ETF with the greatest net asset value had a transaction volume of $1.21 billion. Fidelity’s FBTC experienced the most significant increase in net funds, amounting to $2.83 million.
BITB, a company owned by Bitwise, bequeathed a sum of $6 million, but GBTC, a company owned by Grayscale, bequeathed a sum of $53.86 million. There were no changes reported by Ark Invest and 21Shares’ ARKB.
On Wednesday, the total value of US spot bitcoin funds exchanged amounted to $1.79 billion, which is significantly lower than the trading volume observed in March.
Since their introduction in January, the ETFs have attracted a cumulative total of $16.59 billion in net inflows. BlackRock, Fidelity, Grayscale, Bitwise, and other US-based ETFs have disclosed the details of their cost structures for potential spot Ethereum ETFs.
Franklin Templeton will offer the most competitive charge of 0.19%, while Bitwise and VanEck’s Ethereum ETFs will have slightly higher fees of 0.20%.
