Exchange-traded funds for spot bitcoin in the United States recorded a strong rebound in cash flows, in a remarkable shift reflecting a return of investor confidence, despite ongoing pressures on the cryptocurrency market.
The iShares Bitcoin Trust (IBIT) from BlackRock took the lead, attracting $269.3 million during Thursday's session, achieving its best daily performance since early March. This performance contributed to ending a two-day outflow streak, increasing net inflows across 12 U.S. funds to $358.1 million.
Funds from both Fidelity and Morgan Stanley recorded combined inflows of $68.2 million, while the remainder of the inflows came from a number of other funds that continued to attract new liquidity.
The Fidelity Wise Origin Bitcoin Fund (FBTC) ranked second with inflows of $53.3 million, followed by the Morgan Stanley Bitcoin Trust (MSBT) which recorded $14.9 million in its second trading day, according to Farside Investors.
The iShares Bitcoin Trust (IBIT) from BlackRock took the lead, attracting $269.3 million during Thursday's session, achieving its best daily performance since early March. This performance contributed to ending a two-day outflow streak, increasing net inflows across 12 U.S. funds to $358.1 million.
Funds from both Fidelity and Morgan Stanley recorded combined inflows of $68.2 million, while the remainder of the inflows came from a number of other funds that continued to attract new liquidity.
The Fidelity Wise Origin Bitcoin Fund (FBTC) ranked second with inflows of $53.3 million, followed by the Morgan Stanley Bitcoin Trust (MSBT) which recorded $14.9 million in its second trading day, according to Farside Investors.