Spot Bitcoin exchange-traded funds (ETFs) in the US reported net inflows of $21.52 million on Wednesday, continuing the positive streak that began on Tuesday.
US Spot Bitcoin ETFs Extend Positive Streak by Reporting $21.5 Million in Net Inflows
Fidelity's FBTC led inflows with $19 million, according to SoSoValue data. Grayscale's GBTC recorded a net inflow of $4 million, its first positive inflow since June 5. VanEck also reported $3 million inflows on Wednesday.
Ark Invest and 21Shares' ARKB recorded the only net outflow of the day, totaling $5 million. Other funds from BlackRock, Bitwise, Valkyrie and others saw zero flows.
Since their debut in January, spot Bitcoin ETFs have generated cumulative net inflows of $14.44 billion.
Ethereum Funds Coming Soon
In related news, Reuters reported on Wednesday, citing anonymous sources, that the U.S. Securities and Exchange Commission (SEC) may approve spot Ethereum ETFs as soon as next Thursday, July 4.
Senior Bloomberg ETF analyst Eric Balchunas had previously predicted July 2 as a possible launch date.
SEC Chairman Gary Gensler stated earlier this week that the launch of spot Ethereum ETFs was “going smoothly,” but did not specify an exact timeframe.
The regulator gave preliminary approval for spot ether ETFs last month and is currently reviewing amended registration statements from issuers.
*This is not investment advice.
