For the ninth consecutive day, U.S. spot bitcoin exchange-traded funds (ETFs) have witnessed positive inflows, accumulating $107.9 million on Thursday. Blackrock’s IBIT emerged as the leader in this regard, securing $89 million in inflows, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows.

The gap between the reserves of IBIT and GBTC has narrowed significantly, indicating a tightening competition. Spot bitcoin ETFs continued to attract steady inflows throughout the week, with Thursday's inflows marking the ninth consecutive day of positive activity. This brought the total inflows for U.S. bitcoin ETFs to $1.753 billion. IBIT, managed by Blackrock, saw significant inflows of $89 million, boosting its bitcoin reserve to 284,525.85 BTC.

Fidelity’s FBTC fund also experienced notable inflows of $19 million, increasing its BTC reserve to approximately 160,620 BTC by Friday morning. Other ETFs, including HODL, BTCO, and ARKB, saw more modest inflows, contributing to the overall positive trend. ARKB's $2 million inflow elevated its reserve balance to 48,414 BTC. Meanwhile, Bitwise’s BITB remained neutral on Thursday, maintaining its reserves at 36,092.44 BTC.

On the other hand, GBTC recorded $14 million in outflows on Thursday, resulting in a reduction of its reserve to 289,256.93 BTC. This brings Blackrock’s IBIT within close proximity of matching GBTC’s holdings, with just 4,731.08 BTC or approximately $319 million separating the two. Such a tight competition suggests that IBIT may surpass GBTC in the near future. Consequently, GBTC has likely removed the claim of being “the world’s largest bitcoin ETF” from its website in anticipation of this development.

The sustained inflows into spot bitcoin ETFs highlight the continued investor interest in cryptocurrency assets. The evolving dynamics between IBIT and GBTC indicate a shifting landscape in the realm of bitcoin investment vehicles. What are your thoughts on the ninth day of inflows from spot bitcoin ETFs? Feel free to share your opinions and insights on this matter in the comments sectioFor the ninth consecutive day, U.S. spot bitcoin exchange-traded funds (ETFs) have witnessed positive inflows, accumulating $107.9 million on Thursday. Blackrock’s IBIT emerged as the leader in this regard, securing $89 million in inflows, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows.

The gap between the reserves of IBIT and GBTC has narrowed significantly, indicating a tightening competition. Spot bitcoin ETFs continued to attract steady inflows throughout the week, with Thursday's inflows marking the ninth consecutive day of positive activity. This brought the total inflows for U.S. bitcoin ETFs to $1.753 billion. IBIT, managed by Blackrock, saw significant inflows of $89 million, boosting its bitcoin reserve to 284,525.85 BTC.

Fidelity’s FBTC fund also experienced notable inflows of $19 million, increasing its BTC reserve to approximately 160,620 BTC by Friday morning. Other ETFs, including HODL, BTCO, and ARKB, saw more modest inflows, contributing to the overall positive trend. ARKB's $2 million inflow elevated its reserve balance to 48,414 BTC. Meanwhile, Bitwise’s BITB remained neutral on Thursday, maintaining its reserves at 36,092.44 BTC.

On the other hand, GBTC recorded $14 million in outflows on Thursday, resulting in a reduction of its reserve to 289,256.93 BTC. This brings Blackrock’s IBIT within close proximity of matching GBTC’s holdings, with just 4,731.08 BTC or approximately $319 million separating the two. Such a tight competition suggests that IBIT may surpass GBTC in the near future. Consequently, GBTC has likely removed the claim of being “the world’s largest bitcoin ETF” from its website in anticipation of this development.

The sustained inflows into spot bitcoin ETFs highlight the continued investor interest in cryptocurrency assets. The evolving dynamics between IBIT and GBTC indicate a shifting landscape in the realm of bitcoin investment vehicles. What are your thoughts on the ninth day of inflows from spot bitcoin ETFs? Feel free to share your opinions and insights on this matter in the comments sectioFor the ninth consecutive day, U.S. spot bitcoin exchange-traded funds (ETFs) have witnessed positive inflows, accumulating $107.9 million on Thursday. Blackrock’s IBIT emerged as the leader in this regard, securing $89 million in inflows, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows.

The gap between the reserves of IBIT and GBTC has narrowed significantly, indicating a tightening competition. Spot bitcoin ETFs continued to attract steady inflows throughout the week, with Thursday's inflows marking the ninth consecutive day of positive activity. This brought the total inflows for U.S. bitcoin ETFs to $1.753 billion. IBIT, managed by Blackrock, saw significant inflows of $89 million, boosting its bitcoin reserve to 284,525.85 BTC.

Fidelity’s FBTC fund also experienced notable inflows of $19 million, increasing its BTC reserve to approximately 160,620 BTC by Friday morning. Other ETFs, including HODL, BTCO, and ARKB, saw more modest inflows, contributing to the overall positive trend. ARKB's $2 million inflow elevated its reserve balance to 48,414 BTC. Meanwhile, Bitwise’s BITB remained neutral on Thursday, maintaining its reserves at 36,092.44 BTC.

On the other hand, GBTC recorded $14 million in outflows on Thursday, resulting in a reduction of its reserve to 289,256.93 BTC. This brings Blackrock’s IBIT within close proximity of matching GBTC’s holdings, with just 4,731.08 BTC or approximately $319 million separating the two. Such a tight competition suggests that IBIT may surpass GBTC in the near future. Consequently, GBTC has likely removed the claim of being “the world’s largest bitcoin ETF” from its website in anticipation of this development.

The sustained inflows into spot bitcoin ETFs highlight the continued investor interest in cryptocurrency assets. The evolving dynamics between IBIT and GBTC indicate a shifting landscape in the realm of bitcoin investment vehicles. What are your thoughts on the ninth day of inflows from spot bitcoin ETFs? Feel free to share your opinions and insights on this matter in the comments sectioFor the ninth consecutive day, U.S. spot bitcoin exchange-traded funds (ETFs) have witnessed positive inflows, accumulating $107.9 million on Thursday. Blackrock’s IBIT emerged as the leader in this regard, securing $89 million in inflows, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows.

The gap between the reserves of IBIT and GBTC has narrowed significantly, indicating a tightening competition. Spot bitcoin ETFs continued to attract steady inflows throughout the week, with Thursday's inflows marking the ninth consecutive day of positive activity. This brought the total inflows for U.S. bitcoin ETFs to $1.753 billion. IBIT, managed by Blackrock, saw significant inflows of $89 million, boosting its bitcoin reserve to 284,525.85 BTC.

Fidelity’s FBTC fund also experienced notable inflows of $19 million, increasing its BTC reserve to approximately 160,620 BTC by Friday morning. Other ETFs, including HODL, BTCO, and ARKB, saw more modest inflows, contributing to the overall positive trend. ARKB's $2 million inflow elevated its reserve balance to 48,414 BTC. Meanwhile, Bitwise’s BITB remained neutral on Thursday, maintaining its reserves at 36,092.44 BTC.

On the other hand, GBTC recorded $14 million in outflows on Thursday, resulting in a reduction of its reserve to 289,256.93 BTC. This brings Blackrock’s IBIT within close proximity of matching GBTC’s holdings, with just 4,731.08 BTC or approximately $319 million separating the two. Such a tight competition suggests that IBIT may surpass GBTC in the near future. Consequently, GBTC has likely removed the claim of being “the world’s largest bitcoin ETF” from its website in anticipation of this development.

The sustained inflows into spot bitcoin ETFs highlight the continued investor interest in cryptocurrency assets. The evolving dynamics between IBIT and GBTC indicate a shifting landscape in the realm of bitcoin investment vehicles. What are your thoughts on the ninth day of inflows from spot bitcoin ETFs? Feel free to share your opinions and insights on this matter in the comments section below.