US spot Bitcoin exchange-traded funds saw substantial net inflows of $462 million on Wednesday, marking the third consecutive day of gains and bringing weekly inflows to $1.1 billion.
This surge follows a period of significant outflows, with year-to-date flows now around $700 million. Ether ETFs also benefited, drawing $169 million.
Nearly all spot Bitcoin funds recorded inflows, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) leading with $307 million. Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Mini Trust ETF (BTC) followed with $48 million and $32 million, respectively.
This positive trend aligns with a recovery in market sentiment, as indicated by a 12-point jump in the Crypto Fear & Greed Index. Bitcoin traded around $72,214.
