Bitwise's Spot Bitcoin ETF Leads Pack with $238M Inflow on Blockbuster First Day for Crypto Funds
• Bitwise's bitcoin ETF (BITB) saw the biggest inflow of $238 million on the first day, according to preliminary data from Bloomberg
• Fidelity's bitcoin ETF (FBTC) received the second highest inflow of $227 million
• BlackRock's ETF (IBIT) attracted $110 million of inflows, less than expected given BlackRock's size and influence
• Total trading volume across all new spot bitcoin ETFs was $4.6 billion on first day, with Grayscale and BlackRock’s IBIT leading
• Futures-based bitcoin ETF BITO saw outflows of $140 million as investors likely moved funds to new spot-based ETFs