According to Farside Investors, the Bitwise Bitcoin ETF posted a US$25 million net inflow on the latest trading day (source: Farside Investors). Farside also notes that 10% of profits from this ETF are allocated to Bitcoin developers (source: Farside Investors). Bitwise Asset Management states in its fund documentation that ETF share creations are backed by purchases of spot BTC held with the custodian, meaning positive net flows correspond to incremental spot BTC buying (source: Bitwise Asset Management).