Fidelity’s FBTC spot bitcoin ETF hits record daily inflow of $473 million
Quick Take
- Fidelity’s FBTC spot bitcoin ETF hit record daily inflows of $473.4 million on Thursday.
- FBTC’s inflows were nearly double those of BlackRock’s normally dominant IBIT ETF but lower than IBIT’s overall daily inflow record of $788 million.
- Meanwhile, Grayscale’s higher fee converted GBTC fund surpassed $10 billion in total outflows on Thursday.
Fidelity’s FBTC spot bitcoin exchange-traded fund hit record daily inflows of $473.4 million on Thursday — nearly double BlackRock’s $244.2 million haul for its usually dominant IBIT ETF.
FBTC’s inflows yesterday were 17% higher than its previous $404.6 million record set on Monday, eclipsing the $472.6 million total net inflows registered on Thursday for all U.S. spot bitcoin ETFs combined, according to BitMEX Research data. However, the FBTC inflow was still lower than IBIT’s overall daily inflow record of $788 million set on Tuesday.
Ark Invest 21Shares’ ARKB was in third place yesterday, registering $42.1 million worth of inflows, followed by Valkyrie’s BRRR and Bitwise’s BITB with $41.8 million and $41.4 million worth of inflows, respectively. Total net inflows since the ETFs launched on Jan. 11 now stand at nearly $9.4 billion.
Meanwhile, $374.8 million worth of outflows from Grayscale’s higher fee converted GBTC fund on Thursday meant its total outflows since the U.S. spot bitcoin ETFs began trading have now surpassed $10 billion.
The inflows have contributed to FBTC reaching around $8.3 billion in assets under management, with the U.S. spot bitcoin ETFs managing over $54 billion combined. The newborn nine ETFs — excluding Grayscale’s converted fund — now manage nearly $27 billion in assets, led by IBIT with nearly $13 billion AUM, per BitMEX Research.
The nine newborn ETFs are slated to surpass GBTC’s holdings today, as The Block reported earlier.
“Wild stat… Total flows into 9 new spot bitcoin ETFs over the past 2 months exceeds total flows into all physical gold ETFs over past *5 years*,” The ETF Store President Nate Geraci said. “Physical gold ETFs = nearly $100 billion AUM.”
RELATED INDICES
Spot bitcoin ETF daily trading volume remains robust as cumulative volume approaches $100 billion
Trading volume for the U.S. spot bitcoin ETFs remained robust on Thursday, reaching $4.53 billion — the sixth-largest volume day so far.
Yesterday’s trading was led by BlackRock’s IBIT, generating $1.6 billion in volume, with Grayscale’s GBTC and Fidelity’s FBTC generating $1.3 billion and $1.1 billion, respectively, according to The Block’s data dashboard.
Cumulative trading volume for all spot bitcoin ETFs is now approaching $100 billion — a milestone likely to be hit later today.
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