Spot bitcoin ETFs Experience Record Inflows Amid Growing Investor Interest

bitcoin ETFs See Significant Inflows

Spot bitcoin exchange-traded funds (ETFs) achieved a remarkable net inflow of $363 million on Friday, marking the twelfth consecutive day of positive inflows driven by heightened investor enthusiasm.

Leading the charge, BlackRock’s iShares bitcoin Trust (IBIT) attracted a substantial $496.75 million, reinforcing its status as the largest spot bitcoin ETF with total assets amounting to $86.50 billion, as reported by SoSoValue. In contrast, Fidelity’s bitcoin ETF (FBTC) faced a minor outflow of $17.94 million, while Grayscale’s bitcoin Trust (GBTC) experienced a more significant outflow of $81.29 million, despite managing assets worth $21.45 billion. Ark’s bitcoin Strategy ETF (ARKB) also saw a net outflow of $33.61 million.

Grayscale’s bitcoin ETF maintained stability with no changes in inflow or outflow, holding steady at $5.37 billion in assets. The total trading volume for the day reached approximately $4.62 billion.

Related: The Rise of ETFs Challenges bitcoin‘s Self-Custody Roots

Impressive 12-Day Inflow Streak for bitcoin ETFs

Over the past 12 days, spot bitcoin ETFs have garnered an impressive total of approximately $6.62 billion in net inflows.

The peak of this inflow period occurred on July 10, when the ETFs recorded their highest single-day inflow of $1.18 billion, closely followed by another significant day on July 11, which saw inflows of $1.03 billion. This marked a historic moment as it was the first time these products achieved over $1 billion in inflows on two consecutive days.

Other notable inflow days included July 16 and July 3, with inflows of $799.40 million and $601.94 million, respectively. Conversely, July 8 recorded the lowest net inflow at $80.08 million. Cumulatively, the total net inflow into spot bitcoin ETFs has now reached $54.75 billion, with total assets under management standing at $152.40 billion, representing 6.51% of bitcoin’s overall market capitalization.

Related: bitcoin ETF Inflows Show Institutions ‘Doubled Down’ on BTC at $116K

Ether ETFs Gain Traction with Strong Inflows

Spot Ether (ETH) ETFs have also witnessed substantial inflows in recent weeks. On Friday, ethereum spot ETFs recorded a net inflow of $402.50 million, contributing to a total net inflow of $7.49 billion.

During an impressive 11-day inflow streak, July 16 marked a significant milestone for Ether ETFs, achieving a record net inflow of $726.74 million, the highest daily gain since their inception. July 17 continued the trend with robust inflows of $602.02 million.

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Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.