US Spot Bitcoin ETFs See Record Inflows of $130 Million

Discover how US Spot Bitcoin ETFs achieved record inflows of $130 million, marking a significant investment surge in the cryptocurrency sector.

The spot bitcoin ETFs in the U.S. recorded a significant daily net inflow of $129.45 million on Monday. Fidelity’s FBTC witnessed the largest daily net inflow.

On Monday, the 11 U.S. spot bitcoin exchange-traded funds collectively reported net inflows totaling $129.45 million, marking their largest single-day gain since June 7 and continuing a five-day streak of positive inflows.

Leading the charge, Fidelity’s FBTC registered $65 million in inflows, while Bitwise’s BITB added $41 million, as per SosoValue data. Ark Invest and 21Shares’ ARKB saw an increase of $13 million. Other funds, including those managed by Invesco, Galaxy Digital, VanEck, and Franklin Templeton, experienced more modest inflows, each amounting to around or below $5 million.

In contrast, BlackRock’s IBIT and Grayscale’s GBTC, the largest by net asset value among the spot bitcoin ETFs, reported no new inflows on Monday.

The trading volume for these 11 bitcoin funds reached approximately $1.36 billion on the same day. Since their launch in January, these ETFs have collectively drawn in a total of $14.65 billion in net inflows.

As for bitcoin’s market price, it decreased by 0.3% over the past 24 hours to $63,094, according to The Block’s bitcoin price page. Although recovering from last week’s drop below $60,000, bitcoin’s price is still notably lower than its early June high of over $71,000.

QCP Capital analysts noted in their Monday report that bitcoin and ether typically perform well in July, citing historically positive seasonal trends. Coinbase analysts also highlighted this favorable July pattern.

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