BlackRock’s IBIT ETF led the way on Wednesday, drawing $102.5 million in net inflows, according to SoSoValue data. This influx has positioned IBIT as the largest spot bitcoin fund by net asset value, currently at $19.68 billion, surpassing Grayscale’s GBTC.

Grayscale’s GBTC, which recently became a spot Bitcoin ETF, has faced net outflows on most days. On the same day, it recorded outflows of more than $105 million, reducing its net asset value to $19.65 billion.

Fidelity’s FBTC posted the second-highest net inflow, adding $34.35 million. Other bitcoin ETFs from Ark Invest, 21Shares, Bitwise, Invesco and Galaxy Digital, Valkyrie and WisdomTree reported smaller gains on Wednesday with single-digit million-dollar inflows.

Over the past 11 days, cumulative net inflows for all 11 spot Bitcoin ETFs have exceeded $2 billion, with total net inflows since January rising to $13.73 billion. This continued trend reflects growing investor interest and confidence in Bitcoin ETFs.

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