US spot Bitcoin ETFs recorded $685M in daily inflows, led by BlackRock's IBIT with $503M, extending a four-day streak totaling $1.61 billion.

US spot Bitcoin ETFs recorded $517.2M in net inflows on Wednesday, the largest single-day haul since May 4, led by BlackRock's IBIT as Bitcoin

Analysts attributed the inflows to the surprise crypto market rally driven by US Treasury Department's buyback expansion announcement.