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ARK 21Shares Bitcoin ETF Hits $200M Daily Inflows for First Time
The bitcoin ETF market registered net inflows of $243.4 million as the BTC price teased a return north of $72,000, a week after sinking below $63,000.
The ARK 21 Shares Bitcoin ETF (ARKB) registered inflows of more than $200 million for the first time on Wednesday.
The ETF, whose co-sponsor is Cathie Wood's investment firm, ARK Invest, amassed $200.7 million, according to data by BitMEX Research.
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The bitcoin ETF market registered net inflows of $243.4 million as BTC teased a return north of $72,000 a week after sinking below $63,000.
ARKB became the third bitcoin ETF to cross this mark on a single day after BlackRock's IBIT and Fidelity's FBTC.
FBTC in fact saw a record low day of only $1.5 million on Wednesday, while IBIT saw inflows of $323.8 million.
Read More: Bitcoin Halving Could Bolster ETF Tailwinds for the Cryptocurrency: Canaccord
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
