FameEX Hot Topics | Spot Bitcoin ETFs Add $363M, Push Inflow Streak to $6.6B

BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows in Bitcoin ETFs, with a significant net addition of $496.75 million. This boosted its position as the largest spot Bitcoin ETF, managing $86.50 billion in assets, according to data from SoSoValue. These impressive inflows reflect the growing investor confidence in Bitcoin ETFs, signaling continued interest in these funds as a way to gain exposure to Bitcoin.

However, other Bitcoin ETFs had mixed performances. Fidelity’s Bitcoin ETF (FBTC) faced a modest outflow of $17.94 million, while Grayscale’s Bitcoin Trust (GBTC), despite holding $21.45 billion in assets, saw a larger outflow of $81.29 million. Ark’s Bitcoin Strategy ETF (ARKB) also experienced a net outflow of $33.61 million, highlighting the difficulties some Bitcoin-related funds encounter in attracting capital.

On the other hand, Grayscale’s Bitcoin ETF maintained stability, showing no net inflows or outflows. It kept $5.37 billion in assets, with a total value of approximately $4.62 billion traded during the day. This indicates a steady level of trading activity, even in the absence of significant movements in asset balances for Grayscale’s product.

Spot Bitcoin ETFs, however, had a robust 12-day period of net inflows, totaling around $6.62 billion. This period of inflows demonstrates strong investor interest in Bitcoin ETFs, which are increasingly viewed as a safer and more regulated method to gain Bitcoin exposure compared to direct investments in the cryptocurrency itself.

The largest inflow during this period occurred on July 10, with $1.18 billion, followed closely by $1.03 billion on July 11. This marked the first instance of Bitcoin ETFs exceeding $1 billion in inflows for two consecutive days. Further inflows occurred on July 16 and July 3, totaling $799.40 million and $601.94 million, reinforcing the positive trend.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.