The post US Bitcoin ETF Market Witnesses a $556 Million Inflow as Bitcoin Surges Above $66k appeared first on Coinpedia Fintech News
With a massive 5.12% intraday gain yesterday, Bitcoin hit a 24H high at $66,479, marking the highest price since September 28, 2024. Amid the jump, the US spot Bitcoin ETF market witnessed an outflow of ~$556M. This is the largest single-day inflow since June 5, 2024, and the 8th largest since launch. Leading the bullish pack, Fidelity’s FBTC pulled in nearly $240M, followed by BITB of ~$100M. Furthermore, BlackRock’s iBit witnessed $79.5M with 21 shares of ARKB, witnessing ~$70M in inflows. In total, 8,414 Bitcoins were purchased. Furthermore, the Ethereum ETF market also saw a similar bullish inflow of $17M, with 6,890 Ethereum being purchased.