#What Were the Recent Inflows in US Spot Bitcoin ETFs?
Recently, US spot Bitcoin exchange-traded funds observed a significant influx of $457 million in net inflows on December 17. This data comes from Farside Investors and indicates a recovery after a two-day withdrawal period.
Fidelity's FBTC fund substantially led this charge with inflows of $391 million, resulting in a total net asset valuation of $12.4 billion. Meanwhile, BlackRock's IBIT fund gained $111 million in inflows during the same timeframe.
In contrast, funds managed by Bitwise and ARK Invest recorded share redemptions, showcasing a mixed picture among Bitcoin funds during this period.
How Do Recent Inflows Compare to Previous Withdrawals?
The recent inflows signify a rebound in investor confidence following withdrawals amounting to $635 million over the preceding two days. Despite this positive trend, net outflows for the week currently stand at roughly $177 million.
This fluctuating nature of investments in Bitcoin ETFs highlights the volatility of market sentiment. While some funds are attracting significant capital, others are experiencing redemptions, presenting an interesting dynamic within the cryptocurrency investment landscape.