Wall Street’s appetite for Bitcoin exposure just had its biggest day in months. US spot Bitcoin ETFs absorbed $517.2 million in net inflows on Wednesday, marking the largest single-day haul since May 4 and signaling that institutional money is flowing back into crypto with conviction.
The timing lines up neatly with Bitcoin’s price recovery to the $64,000 to $65,000 range.
BlackRock leads, everyone else follows
BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, has consistently dominated the spot Bitcoin ETF landscape, accounting for over 70% of daily totals during inflow days. Fidelity’s FBTC has played a reliable supporting role, picking up meaningful chunks of the remainder.
The rest of the ETF field, which includes products from Ark Invest, Bitwise, VanEck, and others, has been fighting for scraps by comparison. Some have even experienced outflows on days when IBIT posts hundreds of millions in new capital.
