Bitcoin ETFs Record Inflows of $488M

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US-based Bitcoin ETFs received a combined inflow of $488.1 million on Wednesday. 

However, according to Google data, there has been a significant decline in searches related to them compared to the crypto’s previous bullish period in 2021. 

This suggests that retail investors are not yet actively interested in these ETFs.

The Fidelity Wise Origin Bitcoin Fund received the largest share of $220.6 million, according to data from Farside Investors. 

The second largest inflow was received by BlackRock’s iShares Bitcoin Trust, with $155.4 million, followed by the Grayscale Bitcoin Trust, which received $14.6 million in net inflows despite experiencing net outflows of $17.8 billion since January.

Despite the significant inflows and Bitcoin surpassing $71,000, Google Trends data shows there has been a decline in searches related to Bitcoin, Bitcoin ETFs and cryptocurrency in general compared to 2021.

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