The U.S. spot Bitcoin ETF market is emerging from its summer slump. Bitwise Bitcoin ETF (BITB) recorded $16.15 million in daily net inflows, which were immediately used to purchase 250 BTC on the spot market. The fund’s total holdings now stand at 36,868 BTC with net assets reaching $2.38 billion. Bitwise Asset Management CEO Hunter Horsley welcomed the renewed buying activity while complying with regulatory requirements by attaching a prospectus link and risk warnings. Total daily net inflows across all U.S. spot Bitcoin ETFs reached $189.30 million, with BlackRock leading at $142.10 million.
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