Bitcoin ETFs continued to attract significant investment on Wednesday, with total inflows reaching an impressive $509.4 million.
Although the figure fell short of Tuesday’s $801.7 million inflow, the numbers signal strong interest in the crypto market, particularly for institutional investors.
The largest contribution came from iShares Bitcoin Trust (IBIT), BlackRock’s spot Bitcoin ETF, which accounted for $230.1 million of the inflows, cementing its role as a dominant player in the space.
This was followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $186.1 million, and Grayscale’s Bitcoin Trust (BTC), which pulled in $61.3 million.
Other notable inflows included ARK 21Shares Bitcoin ETF (ARKB), with $14.5 million, and Bitwise Bitcoin ETF (BITB) at $12.3 million.
On the smaller end of the spectrum, HODL ETF added $5.1 million.
However, not every Bitcoin ETF saw inflows.
Several funds, including Bitwise Bitcoin Strategy Optimum Roll ETF (BTCO) and Valkyrie (BRRR), recorded no inflows during this period.
Despite the slight dip in total inflows compared to the previous day, Bitcoin’s price surged, hitting a new high of $91,024, marking a 3.86% increase in value.
This highlights ongoing bullish momentum, even as the broader crypto market experiences some volatility.