US spot bitcoin ETFs report $21.5 million in net inflows, extending positive streak

Spot bitcoin exchange-traded funds in the U.S. reported $21.52 million in net inflows on Wednesday, continuing the positive streak that began Tuesday. 

The largest net inflows of the day were seen from Fidelity’s FBTC, worth $19 million, according to data from SoSoValue. Grayscale’s GBTC posted net inflows of $4 million, its first positive flow since June 5. VanEck also posted $3 million worth of inflows on Wednesday.

Meanwhile, Ark Invest and 21Shares’ ARKB recorded the only net outflows of the day, worth $5 million. Remaining funds from BlackRock, Bitwise, Valkyrie and others saw zero flows.

The spot bitcoin ETFs have attracted $14.44 billion in cumulative net inflows since their debut in January.

Ether funds imminent

Meanwhile, Reuters reported Wednesday that the U.S. Securities and Exchange Commission could approve spot Ethereum ETFs as soon as next Thursday, or July 4, citing anonymous sources. Senior Bloomberg ETF analyst Eric Balchunas had previously predicted July 2 to be a possible launch date.

SEC chair Gary Gensler said earlier this week that the launch process of spot ether ETFs is “going smoothly,” although not mentioning an exact timeframe. The regulatory agency gave the preliminary approval for spot ether ETFs last month, and is currently reviewing the amended registration statements from issuers.