The US-listed Spot Bitcoin ETFs saw a net inflow of $295 million on Monday, July 8, marking the largest single-day inflow since June 5.
According to data from Farside Investors, BlackRock’s $IBIT led the charge with $187.21 million in new investments. Following $IBIT, Fidelity Investments’ $FBTC recorded the second-largest flow for the day, with $61.5 million entering its portfolio, followed by Grayscale’s $GBTC with $25.1 million inflows.
Bitwise’s $BITB, Ark Invest and 21 Shares’ $ARKB, and VanEck’s $HODL funds saw inflows of $11 million, $8.44 million, and $1.6 million worth of crypto assets, respectively, according to the data. On the other hand, every other ETF didn’t record any movement in their portfolios.
July has been a slow month for the US ETFs, as last Friday was the first time the funds saw huge inflows since July 1, when they reported a net inflow of $129.5 million. On that day, Fidelity’s $FBTC led with $65 million in inflows, followed by Bitwise’s $BITB at $41.4 million and ARK21Shares’ fund at $12.7 million. VanEck’s $HODL, Invesco Galaxy’s $BTCO, and Franklin Templeton’s $EZBC also saw positive flows of $5.4 million, $3.2 million, and $1.8 million, respectively.
Notably, the newest cumulative inflow figure beat the one recorded (at $143.1 million) on June 5. Also, BlackRock’s $iBIT appears to be roaring back to life following weeks of little to no activity.
The 11 funds traded $198 billion worth of assets through their portfolios, according to data from data from SoSoValue. Since their January 2024 launch, these ETFs have accumulated a net inflow of $15 billion. The total net asset value of cryptocurrencies in these funds has reached $49.32 billion, representing a 4.45% increase from the previous day.
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