💥💥💥 Spot Bitcoin ETFs see highest flow day in over 5 weeks
U.S. Spot Bitcoin ETFs See $310 Million Inflows on July 12
On July 12, U.S.-based spot Bitcoin exchange-traded funds (ETFs) recorded over $310 million in inflows, marking their best day since June 5.
Top Performers
- BlackRock’s iShares Bitcoin Trust (IBIT): $120 million
- Fidelity Wise Origin Bitcoin Fund (FBTC): $115.1 million
- Bitwise Bitcoin ETF: $28.4 million
- Grayscale Bitcoin Trust (GBTC): $23 million
- VanEck Bitcoin Trust ETF: $6 million
- Invesco Galaxy Bitcoin ETF: $4 million
Non-Performers
- Hashdex
- Franklin Templeton Valkyrie
- WisdomTree-issued spot Bitcoin ETF
These ETFs did not record any inflows on that day.
Significant Performance
July 12's inflows were the largest since June 5, when spot Bitcoin ETF issuers recorded $488.1 million. For the week, these issuers accumulated a combined $1.04 billion.
Six-Month Overview
Since their launch over six months ago, spot Bitcoin ETFs have netted $15.8 billion in inflows. This includes over $18.6 billion in outflows from Grayscale’s flagship Bitcoin product, which was converted to spot form after U.S. securities regulator approval in January. The Hashdex Bitcoin ETF (DEFI) is the only other spot Bitcoin ETF with a net outflow, totaling $2 million.
Current Bitcoin Status
Bitcoin has risen 1.1% over the last 24 hours and is trading at $57,858, according to CoinGecko. However, it is down nearly 15% over the past month and over 21% from its all-time high.
Future Prospects
Some Bitcoin ETF issuers are preparing to launch spot Ether (ETH) ETFs, potentially as early as next week. They await approval from the U.S. securities regulator after submitting amended S-1 registration statements and receiving initial feedback last month.
Source - cointelegraph.com
