🚀According to BitcoinNews
🤯$301M Flows Into Bitcoin ETFs, Led by Blackrock and Ark Invest
U.S. spot bitcoin exchange-traded funds (ETFs) saw their seventh consecutive day of inflows on Monday, attracting $301.04 million. Both IBIT and ARKB experienced nearly identical inflows, each drawing in $117 million.
Bitcoin ETFs Attract Inflows as IBIT and ARKB Lead the Charge
The week began with seven out of 11 spot bitcoin ETFs receiving $301.04 million in inflows. Monday marked the seventh consecutive day of inflows. Blackrock’s IBIT led the way with $117.25 million, closely followed by Ark Invest’s and 21shares’ ARKB, which attracted $117.19 million.
Fidelity’s FBTC brought in $36.15 million, while Bitwise’s BITB secured $15.24 million. Invesco’s and Galaxy’s BTCO accumulated $7.93 million, and Franklin Templeton’s EZBC saw $3.69 million in inflows. Vaneck’s HODL had $3.6 million deposited into the fund. Grayscale’s GBTC had a neutral day, as did Valkyrie’s BRRR, Wisdomtree’s BTCW, and Hashdex’s DEFI.
The recent inflows bring the total net inflow for all funds since Jan. 11, 2024, to $16.11 billion. On Monday, the 11 funds saw $2.26 billion traded, and collectively, the ETFs hold $56.72 billion in bitcoin, accounting for 4.51% of BTC’s total market capitalization, according to sosovalue.xyz.com metrics.
