The U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day of net inflows on Thursday, marking five consecutive trading days of positive movement. The ETFs accumulated $78.93 million, with Blackrock’s IBIT leading by bringing in $72.09 million.
US Bitcoin ETFs Continue Inflow Streak, Funds Now Hold 4.47% of BTC’s Market Cap
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U.S. Bitcoin ETFs Record Fifth Consecutive Day of Inflows
Among the 11 spot bitcoin ETFs trading in the U.S., a total of $78.93 million was recorded in inflows, with IBIT capturing the bulk by securing $72.09 million. At the time of writing, data from the IBIT web portal indicates that Blackrock’s BTC fund now holds 314,204.3 BTC.
Conversely, Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $37.69 million on Thursday. GBTC’s BTC holdings declined to 273,329.46 BTC as of July 12. On the same day, Fidelity’s FBTC gained $32.69 million, followed by Bitwise’s BITB, which collected $7.53 million, according to sosovalue.xyz stats.
Ark Invest’s and 21shares’ ARKB fund brought in $4.31 million, being the last to register any significant movement. HODL, BRRR, BTCO, EZBC, BTCW, and DEFI remained unchanged with no gains or losses.
Since Jan. 11, 2024, this group of ETFs has amassed a cumulative total net inflow of $15.5 billion. Collectively, the funds now hold $50.75 billion in BTC, representing 4.47% of bitcoin’s market capitalization.
What do you think about the spot bitcoin ETF action on Thursday? Share your thoughts and opinions about this subject in the comments section below.
