tl;dr
The ARK 21 Shares Bitcoin ETF (ARKB) experienced a significant milestone with over $200 million in inflows, making it the third bitcoin ETF to reach this mark in a single day. Co-sponsored by Cathie Wood's firm, ARK Invest, ARKB's success contributed to the total net inflows of $243.4 millio...
The ARK 21 Shares Bitcoin ETF (ARKB) experienced a significant milestone with over $200 million in inflows, making it the third bitcoin ETF to reach this mark in a single day. Co-sponsored by Cathie Wood's firm, ARK Invest, ARKB's success contributed to the total net inflows of $243.4 million in the bitcoin ETF market. This achievement comes as BTC showed signs of a price rebound, reaching over $72,000 after a previous drop below $63,000.
Additionally, BlackRock's IBIT and Fidelity's FBTC also saw substantial inflows, with FBTC setting a record low day of only $1.5 million. 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. 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.
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