BlackRock's IBIT ETF leads the way with a massive net inflow of $72.09 million. This strong performance reinforces investor confidence. It also shows the growing popularity of this ETF and its status as a major player in the cryptocurrency investment space, with a trading volume of $725.61 million on Wednesday.
Fidelity's FBTC ETF recorded significant inflows of $32.69 million, indicating strong investor interest. Bitwise's Bitcoin Spot Fund added $7.53 million in net inflows, reflecting growing adoption and interest in bitcoin-related investment vehicles. These flows demonstrate the confidence of institutional and retail investors in digital assets.
Other notable contributions include ETFs from Ark Invest and 21Shares; In total, it generated additional inflows of $4.31 million. However, not all funds saw positive inflows. Grayscale's GBTC fund saw a notable net outflow of $37.69 million, suggesting some investors are adjusting their positions. Six other funds, including VanEck's HODL fund, recorded zero net inflows on the same day.
On July 11, the total trading volume of Bitcoin spot funds in the United States reached $1.31 billion. This number is much lower than the $8 billion seen in March. Year-to-date, these ETFs have accumulated combined net inflows of $15.5 billion, indicating a steady growth trend despite recent fluctuations in trading volume.
Continued inflows, especially from major players such as BlackRock and Fidelity, underscore the positive outlook. Although some funds like GBTC have seen outflows, the overall trend shows that interest and confidence in Bitcoin as an investment asset continues. As the market develops, these ETFs will play a more important role in both individual and institutional portfolios, enabling broader adoption of cryptocurrencies.
