On Wednesday, the US spot Bitcoin ETF recorded its highest single-day net inflow in three weeks, reaching $506.5 million, led by BlackRock's IBIT with a net inflow of $297.4 million. Six other funds, including Fidelity and Grayscale, also saw capital inflows with no outflows, indicating that the market is beginning to recover. Ethereum and Solana ETFs also recorded capital inflows of $157.1 million and $30.9 million, respectively. Bitcoin rebounded 3.8% to $68,000, and analysts pointed out that this rally may be due to easing selling pressure, but also warned that market sentiment remains fragile.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
On Wednesday, the US spot Bitcoin ETF recorded its highest single-day net inflow in three weeks, reaching $506.5 million, led by BlackRock's IBIT with a net inflow of $297.4 million. Six other funds, including Fidelity and Grayscale, also saw capital inflows with no outflows, indicating that the market is beginning to recover. Ethereum and Solana ETFs also recorded capital inflows of $157.1 million and $30.9 million, respectively. Bitcoin rebounded 3.8% to $68,000, and analysts pointed out that this rally may be due to easing selling pressure, but also warned that market sentiment remains fragile.