Spot Bitcoin ETFs in the US received over $310 million, their best day since June 5.
IBIT attracted $120 million, FBTC received $115.1 million, and Bitwise Bitcoin ETF ranked third with $28.4 million in inflows.
Spot Bitcoin ETFs have amassed $15.8 billion in net inflows since their launch six months ago.
On July 12, U.S spot Bitcoin ETFs saw a significant inflow of over $310 million, marking their best day since June 5. BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) attracted the majority of these investments, with $120 million and $115.1 million, respectively, according to data from Farside Investors.
The Bitwise Bitcoin ETF ranked third with $28.4 million in inflows, while the Grayscale Bitcoin Trust (GBTC) enjoyed a rare boost with $23 million. Additionally, the VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF saw inflows of $6 million and $4 million, respectively.
US #BitcoinETFs see highest inflow in last one month. Over 5400 #Bitcoin purchased yesterday. The $310 million in inflows were led by the #BlackRock and #Fidelity Bitcoin ETFs, while #Grayscale recorded a rare inflow day at $23 million. pic.twitter.com/mT8xe9AzD6
— BITCOIN EXPERT INDIA (@Btcexpertindia) July 13, 2024
On the same day, the spot Bitcoin ETFs from Hashdex, Franklin Templeton, Valkyrie, and WisdomTree saw no inflows. This day marked the largest inflow since June 5, when spot Bitcoin ETF issuers collectively attracted $488.1 million.
Friday’s total brought this week’s combined inflows for spot Bitcoin ETFs to $1.04 billion. Since their launch just over six months ago, these ETFs have amassed $15.8 billion in net inflows.
This total includes over $18.6 billion in outflows from Grayscale’s flagship Bitcoin product, which converted to spot form after receiving approval from the US securities regulator in January. The only other spot Bitcoin ETF with a net outflow is the Hashdex Bitcoin ETF (DEFI), but its outflow is relatively small at $2 million.
Bitcoin has risen by 1.1% in the past 24 hours, now trading at $57,858, according to CoinGecko. Despite this uptick, it has dropped nearly 15% over the past month and sits over 21% below its all-time high.
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