On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows.
US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million
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Blackrock’s IBIT Dominates With $187.21 Million
Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the trading session. These inflows follow the $143 million accumulated on Friday, July 5. Blackrock’s Bitcoin Trust (IBIT) led the pack, attracting $187.21 million in inflows. This boost brings IBIT’s reserves to 310,470.32 BTC, valued at $17.83 billion, according to sosovalue.xyz stats.
Fidelity’s FBTC garnered $61.54 million, while Grayscale’s GBTC secured $25.08 million. Bitwise’s BITB drew in $11.05 million, and Ark Invest and 21shares’ fund ARKB managed to collect $8.44 million. Lastly, Vaneck’s HODL acquired $1.59 million during Monday’s sessions. None of the other ETFs saw outflows nor inflows as BTCO, BRRR, DEFI, EZBC, and BTCW all saw neutral days.
The latest inflows into U.S. spot bitcoin ETFs highlight increasing investor confidence in bitcoin ( BTC) after the recent downturn. Blackrock’s leading position, along with substantial investments in other funds such as Fidelity’s FBTC and Grayscale’s GBTC, underscores a competitive and swiftly evolving market landscape. While there have been occasional outflows, U.S. spot bitcoin ETFs have set records this year.
What do you think about the latest spot bitcoin ETF action on Monday? Share your thoughts and opinions about this subject in the comments section below.
