US spot Bitcoin exchange-traded funds (ETFs) experienced a significant increase in daily net inflows, generating inflows of $886.75 million.
US Spot Bitcoin ETFs See Second Highest Daily Net Inflows at $887 Million
This marks the second-highest single-day inflow since these funds listed; The highest record was $1.05 billion on March 12.
The bulk of Tuesday's inflows came from Fidelity's FBTC, which added $379 million. BlackRock's IBIT followed with net inflows of $274 million, according to SoSoValue data.
Overall, cumulative total net inflows for spot Bitcoin ETFs currently stand at $14.85 billion.
Other notable participants include Ark Invest and 21Shares' ARKB, which saw inflows of $139 million, and Bitwise's BITB, which recorded $61 million.
Grayscale's GBTC attracted $28 million, marking its third-largest net inflow since its conversion. VanEck and Valkyrie's ETFs also saw single-digit net inflows.
This inflow was the 16th consecutive day of net inflows for the 11 spot Bitcoin ETFs, falling just one day short of the longest streak of positive flows recorded from January to mid-February.
Spot Bitcoin ETFs have received a total of $14.57 billion in net inflows since their inception. However, total flow volume in ETFs remains lower than the peak observed in March.
Bitcoin's value briefly rose above $71,000 late Tuesday night and was trading around $70,800 at the time of writing.
*This is not investment advice.