Happycoin.club - On Monday, July 1, daily capital inflows into 11 US spot Bitcoin ETFs totaled $129.45 million, the largest in three weeks and the fifth positive day in a row.
According to SosoValue, the largest inflow of funds was recorded by the FBTC exchange-traded fund from Fidelity. It amounted to $65 million, followed by BITB from Bitwise with $41 million. Investors invested $13 million each in ETFs from Ark Invest and 21Shares; the total inflow into funds from Invesco, Galaxy Digital, VanEck and Franklin Templeton was approximately $5 million.
But BlackRock's IBIT and Grayscale's GBTC, the two largest spot Bitcoin ETFs by net asset value, recorded zero inflows on Monday.
The 11 Bitcoin spot funds had trading volume of about $1.36 million on the first day of July. In total, Bitcoin ETFs have accumulated capital of $14.65 billion since their launch in January 2024.
Meanwhile, Bitcoin fell by 1.13% over the past 24 hours and is now trading at $62,520. Over the week, the flagship asset rose in price by 2.86%, recovering slightly after falling to $60,000. However, this is still significantly below the $71,000 mark , recorded in early June.
Analysts at QCP Capital and Coinbase (NASDAQ:COIN) predict that July will be a good month for Bitcoin due to the positive seasonality that is observed almost every year.
