US Bitcoin ETFs snap five-day bloodbath as BTC reclaims $92K
US spot Bitcoin ETFs logged $75 million in inflows after five days of redemptions, hinting at early stabilization as Bitcoin recovers above the $92,000 level.
United States-listed spot Bitcoin exchange-traded funds (ETFs) broke a five-day outflow streak on Wednesday, recording $75.4 million in net inflows as Bitcoin reclaimed the $92,000 price point.
Farside Investors data showed inflows led by BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $60.6 million on Wednesday — still a far cry from offsetting its $523 million in outflows the day before. The Grayscale Bitcoin Mini Trust ETF (BTC) also saw a positive day, contributing $53.8 million in inflows.
On the other hand, Fidelity and VanEck’s spot Bitcoin ETFs saw combined outflows of $39 million on the same day.