Record Inflows for US Spot Bitcoin ETFs - Analysis and Trends

US spot Bitcoin exchange-traded funds (ETFs) have achieved a remarkable milestone with an unprecedented 18-day streak of net inflows, reflecting a positive trend in investor sentiment.

Positive Trend

The recent performance of these ETFs has seen a significant uptick, marking the longest period of consecutive inflows to date.

ETFs Performance Review

The cumulative net inflow of $217.78 million across the 11 spot Bitcoin ETFs indicates a strong investor interest. Leading the pack is BlackRock's IBIT, the largest spot Bitcoin ETF by net assets, with an impressive $350 million in net inflows.

Fidelity and VanEck have also witnessed net inflows into their Bitcoin ETFs, although at lower levels in comparison to BlackRock.

Conversely, Ark Invest's ARKB faced substantial net outflows of $96.6 million, while Grayscale's GBTC and Bitwise's BITB reported net outflows of $37.5 million and $3 million, respectively.

Among the remaining spot Bitcoin ETFs, including Invesco's BTCO, there were no significant flow movements observed.

Total Inflows Overview

Since their debut in January, the 11 spot Bitcoin ETFs have collectively accumulated a total net inflow of $15.56 billion, showcasing a positive trajectory. This signifies a recovery from a plateau in April and May, albeit still below the peak in March.

Currently, Bitcoin's value stands above $71,000, registering a 0.24% growth in the last 24 hours, portraying the evolving market conditions and investor behavior.