ARK 21Shares Bitcoin ETF Hits $200M Daily Inflows for First Time
Summary
The ARK 21 Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood's ARK Invest, registered inflows of over $200 million for the first time. This occurred as the bitcoin ETF market saw net inflows of $243.4 million, with bitcoin nearing a return to over $72,000 after previously dropping below $63,000. ARKB is the third bitcoin ETF to cross this mark in a single day, following BlackRock's IBIT and Fidelity's FBTC. However, FBTC recorded a low day of only $1.5 million, while IBIT registered inflows of $323.8 million.
