Bitwise spot bitcoin ETF attracts $238 million on debut trading day, surpasses BlackRock and Fidelity

Bitwise's spot bitcoin ETF accumulated $238 million in inflows on its first day of trading, outpacing BlackRock and Fidelity, based on preliminary data. Fidelity recorded $227 million in inflows while BlackRock netted $111 million. These figures may change, but currently, total inflows for all ETFs amount to $721 million, excluding Valkyrie's spot bitcoin ETF and the Grayscale Bitcoin Trust. Notably, Grayscale's data will be reported one day later, potentially impacting the overall picture. Bitwise offered the lowest fee at 0.2%, but Franklin Templeton recently lowered its fee to 0.19%. The first day of trading for spot bitcoin ETFs saw a total trading volume of $4.5 billion, with Grayscale leading at $2.2 billion, followed by BlackRock at $1 billion, and Fidelity at $680 million.