Bitcoin ETF Inflows See a Positive Increase on the Second Day

On Monday, US spot Bitcoin exchange-traded funds (ETFs) had their second consecutive day of inflows, accumulating $294.9 million. Blackrock's IBIT dominated the trading sessions, attracting inflows of $187.21 million.

Blackrock's IBIT Dominates with $187.21 Million

Spot Bitcoin ETFs in the US had another day of gains on Monday, capturing inflows of $294.9 million 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 increase brings IBIT's reserves to 310,470.32 BTC, worth $17.83 billion, according to sosovalue.xyz statistics.

Fidelity's FBTC secured $61.54 million, while Grayscale's GBTC secured $25.08 million. Bitwise's BITB attracted $11.05 million, and Ark Invest and 21shares' fund ARKB managed to raise $8.44 million. Finally, Vaneck's HODL bought $1.59 million in Monday's sessions. None of the other ETFs saw outflows or inflows as BTCO, BRRR, DEFI, EZBC and BTCW all saw neutral days.

Recent inflows into US spot bitcoin ETFs highlight growing investor confidence in Bitcoin (BTC) after the recent pullback. Blackrock's leading position, together with significant investments in other funds such as Fidelity's FBTC and Grayscale's GBTC, underscores a competitive and rapidly evolving market landscape. Although there have been occasional outflows, US spot Bitcoin ETFs have broken records this year.