Ad
Insights
Fidelity and BlackRock ETFs lead massive Bitcoin inflow day Fidelity and BlackRock ETFs lead massive Bitcoin inflow day

Fidelity and BlackRock ETFs lead massive Bitcoin inflow day

Data via BitMEX

Fidelity's FBTC and BlackRock's IBIT ETFs drive inflows, marking largest overall inflow day since March 13.

Quick Take

BitMEX’s recent data highlights a substantial inflow in Bitcoin (BTC) Exchange-Traded Funds (ETFs), showcasing their most significant day of inflows since March 13, with a total of $418.0 million, equivalent to 5,986.1 BTC. Notably, Fidelity’s FBTC ETF led the surge with an exceptional $279.1 million in net inflows, equivalent to 3,997.2 BTC, maintaining its strong sequence of consecutive inflow days. This increase has elevated their total net inflows to an impressive $7.4 billion, translating to 140,883 BTC.

ETF Data in Dollars: (Source: BitMEX)
ETF Data in Dollars: (Source: BitMEX)

BitMEX’s data reveals that BlackRock’s IBIT also experienced a solid inflow of $162.2 million, equal to 2,322.4 BTC, marking its best performance since March 21. This contribution boosted their total net inflows to $13.5 billion, corresponding to 246,085 BTC. Conversely, GBTC faced substantial outflows amounting to $212.3 million, or 3,040.9 BTC, leading to a cumulative net outflow of $14.3 billion and a net loss of 278,100 BTC.

ETF Data in BTC: (Source: BitMEX)
ETF Data in BTC: (Source: BitMEX)

Following five outflow data, the Bitcoin ETF sector continues a robust influx, with total net inflows reaching $11.7 billion, equivalent to a significant 206,659 BTC this year.