- Spot Bitcoin ETFs recorded $840.6 million in inflows on Wednesday, the largest daily total since last October.
- BlackRock’s iShares Bitcoin Trust (IBIT) led with $648.4 million, reclaiming the top inflow spot.
- Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $125.4 million in inflows.
- Social media sentiment toward Bitcoin grew more bearish even as prices rose over the week.
- Bitcoin traded near $96,400, up 1.5% in the past 24 hours after briefly approaching $98,000.
Spot Bitcoin ETFs logged $840.6 million in inflows on Wednesday, a daily high not seen since last October as institutional demand rebounded even while retail sentiment grew cautious. Data shows the tally on Wednesday, according to a Farside Investors report, and comes after a market crash in October that wiped more than $19 billion from Bitcoin exchange-traded products.
The largest share of Wednesday’s inflows flowed into BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $648.4 million and returned to the top position among spot ETFs. Fidelity’s Wise Origin Bitcoin Fund (FBTC) was the second-largest, drawing $125.4 million after leading flows earlier in the week.
Bitcoin’s price was around $96,400, up about 1.5% in the past 24 hours and off earlier highs after briefly nearing $98,000. Both IBIT and FBTC recorded gains in regular trading but slipped over 1% in after-hours trading, with retail sentiment indicators for each fund rising in the short term.
Meanwhile, social commentary on platforms like X and Reddit has trended more negative. Santiment noted growing retail pessimism in a post, saying that fear among retail traders has often preceded breakouts in past cycles.
On Stocktwits, retail sentiment around Bitcoin remained in “bullish” territory over the past day as chatter climbed from normal to high levels. For updates or corrections, contact the newsroom.
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