FameEX Hot Topics | Spot Bitcoin ETFs See $363M Gain, Extend 12-Day Inflow Streak to $6.6B

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge in Bitcoin ETF inflows, with a net addition of $496.75 million. This strengthened its position as the largest spot Bitcoin ETF, with $86.50 billion in assets, according to data from SoSoValue. The substantial inflows reflect growing investor confidence in Bitcoin ETFs.

In contrast, other Bitcoin ETFs experienced mixed results. Fidelity’s Bitcoin ETF (FBTC) saw a slight outflow, losing $17.94 million. Grayscale’s Bitcoin Trust (GBTC), despite managing $21.45 billion in assets, faced a larger outflow of $81.29 million. Ark’s Bitcoin Strategy ETF (ARKB) also saw a net outflow of $33.61 million, highlighting the challenges some Bitcoin-related funds face in attracting capital.

Meanwhile, Grayscale’s Bitcoin ETF remained stable, with no net inflows or outflows, maintaining $5.37 billion in assets. The day’s total value traded was approximately $4.62 billion, indicating a solid level of trading activity despite the lack of significant shifts in asset balances for Grayscale.

Spot Bitcoin ETFs have experienced impressive net inflows over a 12-day positive period, totaling approximately $6.62 billion. This indicates strong investor interest in these funds, which have been increasingly seen as a safer, more regulated way to gain exposure to Bitcoin compared to direct investments.

July 10 marked the largest single-day inflow, with $1.18 billion, followed by $1.03 billion on July 11. This was the first time Bitcoin ETFs saw inflows surpassing $1 billion for two consecutive days. Notable inflows on July 16 and July 3, at $799.40 million and $601.94 million respectively, further solidified 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.