Recently, there has been a significant increase in inflows to Bitcoin ETFs in the US, indicating heightened investor interest.
Overall Investment Volume in Bitcoin ETFs
US-based Bitcoin ETFs saw inflows of $388.3 million on Wednesday, marking the eighth consecutive day of new capital inflow. Over eight days, $2.4 billion has flowed into these funds.
Leaders in Fund Inflows
BlackRock's iShares Bitcoin Trust (IBIT) led the way with $278.9 million in inflows, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $104.4 million. The Bitwise Bitcoin ETF (BITB) also added $11.3 million. However, some Bitcoin ETFs like those from ARK Invest and Valkyrie did not report any inflows.
Bitcoin Market and External Influences
Bitcoin's price remained steady between $104,000 and $105,000, despite short-term fluctuations caused by the conflict between Israel and Iran. At the time of writing, Bitcoin was trading at $104,399.
In recent months, there has been not only an active inflow of funds into Bitcoin ETFs but also the influence of international events on the cryptocurrency market. The influx of new investments supports the stability of Bitcoin's price.
