BlackRock's IBIT leads $224M inflows for Bitcoin spot ETFs on Dec 10
Major asset managers increase their holdings as investor demand for Bitcoin ETFs surges in December.
Key Takeaways
- Spot Bitcoin ETFs attracted $224 million in net inflows on Dec 10.
- BlackRock's IBIT led the inflows with $193 million.
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US-listed spot Bitcoin exchange-traded funds attracted $224 million in net inflows on Dec 10, according to Farside Investors data.
BlackRock’s iShares Bitcoin Trust (IBIT) led the group with $193 million, bringing its total net inflows to $62.6 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $30.6 million in inflows.
Bitcoin ETFs continued to post net inflows on Wednesday after taking in roughly $152 million the previous day. The resilient demand came despite Bitcoin pulling back from above $94,000 after the Fed announced a rate cut.
Bitcoin was trading above $90,000 at press time, down 2% in the last 24 hours, per CoinGecko.
