Spot Bitcoin ETFs continue to attract investor attention, showing sharp growth with a new record of $363 million in one day and twelve consecutive days of positive flows.
Impact of BlackRock and Other ETFs
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with an addition of $496.75 million, strengthening its position as the largest spot Bitcoin ETF with $86.50 billion in assets. Meanwhile, Fidelity’s Bitcoin ETF (FBTC) experienced a slight outflow of $17.94 million, and Grayscale’s Bitcoin Trust (GBTC) saw a larger outflow of $81.29 million despite managing $21.45 billion in assets.
Long-term Flow Results
Over the twelve-day period, spot Bitcoin ETFs attracted a total of $6.62 billion. July 10 recorded the largest single-day inflow of $1.18 billion, followed closely by July 11 with $1.03 billion. The cumulative total net inflow into spot Bitcoin ETFs has now reached $54.75 billion.
Growth of Ether ETFs
Spot Ether ETFs have also been seeing significant inflows. On Friday, a net inflow of $402.50 million was registered, contributing to a total inflow of $7.49 billion. July 16 marked the peak for Ether ETFs, with a record net inflow of $726.74 million.
Spot Bitcoin and Ether ETFs continue to gain popularity among investors, showing significant inflow volumes. These trends indicate growing interest in cryptocurrency products and their role in the market.
