Spot bitcoin exchange-traded funds in the United States saw daily net inflows of $39.02 million on Thursday, following negative flows the day before.
Ark & 21Shares’ ARKB saw the greatest net inflows, with $18.34 million entering the fund. Fidelity’s FBTC received $11.47 million, with Grayscale’s Bitcoin Mini Trust receiving $5.18 million.
VanEck’s fund received $4.95 million, Franklin Templeton’s bitcoin fund received $3.38 million, and Bitwise’s BITB saw positive flows of $2.22 million. Grayscale Fund continued to lose money, with outflows of $6.51 million.
The daily trading volume of the 12 bitcoin ETFs plummeted from $1.27 billion the day before to $896.92 million. The net inflows to bitcoin funds since their inception in January total $17.03 billion. For the second day in a row, U.S.-based spot Ethereum ETFs experienced a net outflow of $20.14 million.
The FOMC meeting next week is the next major event for investors, with a 57% chance of the Fed decreasing rates by 25 basis points and a 43% chance of cutting rates by 50 basis points.
