US spot bitcoin ETFs report $130 million in net inflows, largest influx in three weeks

US spot bitcoin ETFs report $130 million in net inflows, largest influx in three weeks

Reported by The Block: The spot bitcoin ETFs in the U.S. recorded a total daily net inflow of $129.45 million on Monday.

The largest daily net inflow was seen in Fidelity’s FBTC.

The 11 U.S. spot bitcoin exchange-traded funds saw total daily net inflows of $129.45 million on Monday, reporting their fifth consecutive day of positive flows. Monday’s net inflows also marked the largest fund intake the ETFs have seen since June 7.

Fidelity’s FBTC led the inflows yesterday with $65 million, followed by Bitwise’s BITB, which recorded $41 million, according to data from SosoValue. Ark Invest and 21Shares’ ARKB reported net inflows of $13 million. Funds from Invesco and Galaxy Digital, VanEck and Franklin Templeton saw relatively minor inflows of around or under $5 million.

BlackRock’s IBIT and Grayscale’s GBTC, the two largest spot bitcoin ETFs in terms of net asset value, saw zero flows on Monday.

The 11 bitcoin funds saw about $1.36 billion in trading volume on Monday. The ETFs have accumulated a total net inflow of $14.65 billion since their January inception.

Meanwhile, the price of bitcoin dipped 0.3% in the past 24 hours to $63,094 at the time of publication, according to The Block’s bitcoin price page. Bitcoin has recovered from last week’s brief low point of under $60,000, but remains significantly lower than its price level of above $71,000 in early June.

QCP Capital analysts said in a Monday report that both bitcoin and ether tend to fare better in July due to the positive seasonality observed historically. Coinbase analysts also pointed to the positive seasonal trend in July.

Source

Bitcoin

In This Article

Related News
Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF Cathie Wood's Ark Invest offloads another $2.8 million worth of its own spot Bitcoin ETF
US spot bitcoin ETFs logged $52.8 million in net outflows yesterday, breaking four-day streak of inflows US spot bitcoin ETFs logged $52.8 million in net outflows yesterday, breaking four-day streak of inflows
US spot Bitcoin ETFs logged $187 million in net inflows yesterday as BTC hovers around $60,000 US spot Bitcoin ETFs logged $187 million in net inflows yesterday as BTC hovers around $60,000
MicroStrategy adds 18,300 Bitcoin, now holds $14.14B worth of BTC MicroStrategy adds 18,300 Bitcoin, now holds $14.14B worth of BTC
US spot bitcoin ETFs return to positive flows, adding $28 million US spot bitcoin ETFs return to positive flows, adding $28 million
Latest News More More
Sept 29 Pepe gains 30% in a week as memecoin trading volumes explode
Sept 29 Binance founder CZ walks free from US prison
Sept 27 Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach
Sept 27 Base’s total value locked crosses $2 billion for the first time amid sustained user activity
Sept 26 Kamala Harris says US should become 'dominant' in blockchain, reiterates 'digital assets' in economic plan
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open