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BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark. BlackRock’s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF brought in $68 million and Ark and 21Shares’ ARKB attracted $17.18 million. Grayscale’s GBTC was the only one with negative net flows, recording $7.8 million outflows. The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since launching in January following approval from the US Securities and Commission (SEC). US Spot Bitcoin value. Source: SoSoValue Elevated trade among the spot Bitc...

US spot Bitcoin ETFs (exchange-traded funds) recorded their worst net outflows yesterday since Sept. 3 after $242.6 million left the investment products. That brought an end to their 8-day streak of inflows, according to data from SoSoValue . This comes after BTC shed up to 6% of its value amid growing geopolitical tensions in the Middle East after Iran fired ballistic missiles at Israel. BlackRock’s IBIT The Only Fund Among The 12 US Spot Bitcoin ETFs To Log Inflows Despite the broader sell-off, BlackRock’s IBIT ETF stood out as the only fund to record positive inflows, with $40.84 million added during the trading session. Fidelity’s FBTC suffered the largest net outflows during Tuesday’s trading session, with investors pulling $144.67 million out of the fund. ARKB, the spot Bitcoin ETF belonging to Ark and 21Shares, recorded the second highest net outflows and its worst outflows since Aug. 27 after $84.35 million left its reserves. The funds belonging to...

Richard Durbin, Elizabeth Warren, and Tina Smith recently wrote to Fidelity Investments to reconsider offering its Bitcoin-linked retirement product. The three US senators’ letter addressed to CEO Abigail Johnson noted that the industry was full of “charismatic wunderkinds, opportunistic fraudsters, and self-proclaimed investment advisors” promoting financial products with “little to no transparency.” FTX Rained on Fidelity’s Parade The senators felt that “the ill-advised, deceptive, and potentially illegal actions” would bear a “direct impact” on the valuation of Bitcoin. Chalking out how the “implosion of FTX” unveiled the “serious problems” faced by the industry, the senators wrote, “ … we strongly urge Fidelity Investments to reconsider its decision to allow 401(k) plan sponsors to expose plan participants to Bitcoin. Since our previo US letter, the digital asset ind US try...