U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million.
$301M Flows Into Bitcoin ETFs, Led by Blackrock and Ark Invest
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin ETFs Attract Inflows as IBIT and ARKB Lead the Charge
The week began with seven out of 11 spot bitcoin ETFs receiving $301.04 million in inflows. Monday marked the seventh consecutive day of inflows. Blackrock’s IBIT led the way with $117.25 million, closely followed by Ark Invest’s and 21shares’ ARKB, which attracted $117.19 million.
Fidelity’s FBTC brought in $36.15 million, while Bitwise’s BITB secured $15.24 million. Invesco’s and Galaxy’s BTCO accumulated $7.93 million, and Franklin Templeton’s EZBC saw $3.69 million in inflows. Vaneck’s HODL had $3.6 million deposited into the fund. Grayscale’s GBTC had a neutral day, as did Valkyrie’s BRRR, Wisdomtree’s BTCW, and Hashdex’s DEFI.
The recent inflows bring the total net inflow for all funds since Jan. 11, 2024, to $16.11 billion. On Monday, the 11 funds saw $2.26 billion traded, and collectively, the ETFs hold $56.72 billion in bitcoin, accounting for 4.51% of BTC’s total market capitalization, according to sosovalue.xyz.com metrics.
What do you think about the inflows from spot bitcoin ETFs on Monday? Share your thoughts and opinions about this subject in the comments section below.
Bitcoin.com News is seeking a News Writer to produce daily content on cryptocurrency, blockchain, and the digital currency ecosystem. If you are interested in becoming a key member of our innovative global team, apply here.
