The 11 U.S. spot bitcoin exchange-traded funds (ETFs) saw inflows for the third consecutive day on Tuesday, bringing in $216.33 million. Blackrock’s IBIT was the top performer, securing $121.03 million during the trading sessions.
Bitcoin ETFs Capture $216M in Third Consecutive Day of Inflows
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Fidelity’s FBTC and Blackrock’s IBIT Drive Bitcoin ETF Gains
With Tuesday’s gains, the cumulative total net inflows for U.S. spot bitcoin ETFs have reached $15.27 billion, according to sosovalue.xyz stats. Four of the 11 funds experienced inflows on Tuesday, with Blackrock’s IBIT capturing $121.03 million. As of Wednesday, IBIT holds 312,565.00 BTC valued at $18.26 billion. Fidelity’s FBTC followed, gaining $90.95 million.
These recent inflows increase FBTC’s bitcoin holdings to 171,857.06 BTC, worth just over $10 billion. Ark Invest’s and 21shares’ fund ARKB accumulated $43.3 million, while Vaneck’s HODL gained $3.27 million during Tuesday’s trading sessions. Conversely, two funds experienced outflows, with Grayscale’s Bitcoin Trust (GBTC) losing $37.5 million, reducing its reserves to 274,141.89 BTC worth $16 billion.
Bitwise’s BITB fund saw a $4.72 million decrease on Tuesday, while BTCO, BRRR, EZBC, BTCW, and DEFI remained neutral with no inflows or outflows. On July 9, trade volume was approximately $1.19 billion. The combined holdings of all 11 spot BTC ETFs amount to $50.79 billion, representing 4.45% of BTC’s total market capitalization.
What do you think about Tuesday’s ETF action? Share your thoughts and opinions about this subject in the comments section below.
