One month after the launch of the spot Bitcoin ETF, the weekly net inflow of the spot Bitcoin ETF hits a new high

The Bitcoin spot ETF in the United States just set a new record for weekly cash flow after ending its first month of listing. Last week, the Bitcoin spot ETF received about $1.2 billion in assets. A BitMEX research report stated that this number almost doubled from $700 million the previous week. This growth coincided with a slowdown in withdrawals from another major Bitcoin fund, Grayscale Investments' Bitcoin Trust ETF (GBTC). The fastest-growing US spot bitcoin fund also made history for ETFs.

 

Fidelity Investments' Wise Origin Bitcoin Fund (FBTC) broke through $3 billion in asset size last week, joining BlackRock's iShares Bitcoin Trust (IBIT).