The Fidelity Bitcoin Fund Leads Inflows to Bitcoin ETF Funds
Bitcoin exchange-traded funds in the United States recorded net inflows of $457 million yesterday, December 17, according to data from 'Farside Investors,' indicating a return of investor appetite after a wave of previous withdrawals.
The Fidelity Bitcoin ETF (FBTC) topped the positive inflows by attracting $391 million, raising its net assets to approximately $12.4 billion.
In contrast, the BlackRock Fund (IBIT) attracted inflows of $111 million on the same day.
On the other hand, Bitcoin funds from both 'Bitwise' and 'ARK Invest' experienced share redemptions, partially limiting total inflows.
These inflows come after a noticeable recovery, as the funds had recorded withdrawals of about $635 million over the previous two days.
Despite the recent rebound, the weekly tally so far still indicates net outflows of nearly $177 million
