US Spot Bitcoin ETFs See $1B Inflows in Two Days After Brief Outflow Streak

Key Points

1. US spot Bitcoin ETFs recorded over $1 billion in net inflows across Wednesday and Thursday after a $342.2 million outflow on Tuesday.

2. Fidelity’s FBTC led inflows with $421 million over two days, while BlackRock’s IBIT attracted $224.5 million.

3. Year-to-date, the ETFs have attracted $14.5 billion in net inflows and control nearly $128 billion in assets under management.

4. BlackRock’s IBIT is now the firm’s third-highest revenue-generating ETF, surpassing some of its largest products.

5. Analysts predict a 95% chance of SEC approval for spot ETFs for Solana, XRP, and Litecoin this year, with other altcoins like Dogecoin and Cardano at 90% odds.