Spot Bitcoin ETFs Extend Inflows To $365M Over Six Consecutive Days

Key points:

• U.S. spot bitcoin ETFs saw net inflows worth $365.5 million on Thursday.
• The inflows were led by Ark Invest and 21Shares’ $113.8 million.

Spot Bitcoin ETFs extend inflows for the 6th day, recording $365.57M, led by Ark Invest’s ARKB. Total inflows have now reached $18.31B since launch.

Spot Bitcoin ETFs Extend Inflows with $365M in New Investments

Spot Bitcoin ETFs saw $365.57M in daily net inflows on Thursday, the biggest since July. Gracing the top of this category were Ark Invest and BlackRock to maintain the rally once more, according to Sosolvalue data.

These products stretched their inflows to a sixth consecutive day as the total cumulative net inflows from spot Bitcoin ETFs rose to $18.31B since the first day of the year.

Read more: US Spot Bitcoin ETFs Extend Inflows Streak With $105.8M Inflows

Ether ETFs See Mixed Results Amid Ongoing Crypto Rally

Core became the largest Layer 2 scaling solution for Bitcoin, with a market-leading position at $411 million in TVL. This is an indication of rapid, increased adoption within the Bitcoin scaling ecosystem.

Success in the continued expansion of Core means that this very dominance lends itself to a question of broader adoption and competition. In turn, this success suggests that scalable solutions are increasingly required to move forward with Bitcoin transactions.