U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing $53.35 million. Blackrock’s IBIT garnered $110.37 million in inflows, whereas Grayscale’s GBTC experienced $53.86 million in outflows.
US Bitcoin ETFs Record Ninth Consecutive Day of Gains, Adding $53.35 Million
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Blackrock’s IBIT Boosts Reserves to $21B Amid $110.37M Inflows
On July 17, the 11 spot bitcoin ETFs recorded $1.79 billion in trade volume and witnessed $53.35 million in inflows. Blackrock’s IBIT absorbed approximately $110.37 million, raising the fund’s reserves to 323,832.97 BTC, worth $21 billion. Fidelity’s FBTC secured $2.83 million in inflows, bringing its reserves to 178,503.11 BTC, valued at $11.5 billion.
Only Blackrock and Fidelity saw gains on Wednesday. GBTC experienced a reduction of $53.86 million, while Bitwise’s BITB had outflows of $5.99 million. Currently, GBTC holds 273,004.94 BTC, valued at $17.7 billion, and BITB has a portfolio of around 39,835.07 BTC, worth $2.58 billion. The remaining funds, including ARKB, HODL, BRRR, BTCO, BTCW, DEFI, and EZBC, reported no inflows or outflows.
Since Jan. 11, the cumulative total net inflow for all 11 ETFs stands at approximately $16.59 billion. As of July 18, the ETFs collectively hold BTC reserves worth $58.15 billion, according to sosovalue.xyz metrics, representing 4.57% of BTC’s market valuation. On Jan. 12, GBTC held around 617,079.99 BTC and has since divested 344,075.05 BTC, worth $22.3 billion.
What do you think about Wednesday’s ETF inflows? Share your thoughts and opinions about this subject in the comments section below.
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