Spot Bitcoin ETFs regain traction, posting $418M net inflows

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The ten newly launched spot Bitcoin ETFs witnessed a net inflow of $418 million with Fidelity’s fund leading the pack.

Fidelity’s Bitcoin ETF posted its largest day of gains over the last two weeks, leading the pack with $279 million in daily inflows.Led by strong inflows into BlackRock’s and Fidelity’s funds, the 10 recently approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, according to Farside InvestorsFidelity’s fund generated its largest daily inflow since March 13, notching $279.1 million on March 26 — as the investment giant snapped up an additional 4,000 BTC.

Meanwhile, Grayscale’s Bitcoin Trust continued to bleed — notching a daily outflow of $212 million; however, it was not enough to outweigh the net inflows of its competitors.

 

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