US spot Bitcoin ETFs post $527M net inflows, led by BlackRock's IBIT
US spot Bitcoin ETFs drew $527 million in net inflows, the largest daily total since September, led by BlackRock's IBIT.
US spot Bitcoin exchange-traded funds recorded $527 million in net inflows, their largest daily showing since September, according to a Cointelegraph report. The total reflects net creations and redemptions across the group.
BlackRock's iShares Bitcoin Trust (IBIT) led the flow activity with $665.2 million in inflows. That gain was partly offset by withdrawals from Fidelity and Grayscale funds, the report said.
Other US spot Bitcoin ETFs recorded no net flows for the day.
What the flows show
The split between IBIT's strong intake and outflows at competing funds indicates that investor demand remains concentrated in the largest spot Bitcoin ETF. Net flows can shift daily based on creations, redemptions and underlying market conditions.
ETF flow data is watched as one gauge of institutional demand for bitcoin, though single-day figures can be volatile and do not by themselves determine price direction.