Spot bitcoin exchange-traded funds (ETFs) in the U.S. continued their positive streak, reporting a daily net inflow of $301 million, marking the seventh consecutive day of gains.
According to data from SoSoValue, BlackRock’s IBIT, the largest spot bitcoin ETF by net asset value, led the inflows with $117.25 million on Monday. It also topped the charts as the most traded bitcoin ETF, with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB closely followed with net inflows of $117.19 million.
Fidelity’s FBTC saw significant inflows of $36.15 million, while Bitwise’s BITB recorded $15.24 million worth of inflows for the day. VanEck, Invesco & Galaxy Digital, and Franklin Templeton also reported net inflows into their respective funds.
Overall, U.S. spot bitcoin funds saw a total trading volume of $2.26 billion on Monday, although this remains lower compared to the peaks seen in March when daily volumes exceeded $8 billion. Since their launch in January, these ETFs have accumulated a total net inflow of $16.11 billion.
Bitcoin’s price demonstrated resilience, exceeding $64,000 and currently trading at $64,770, while sources confirm the upcoming launch of spot ether ETFs on July 23, enhancing anticipation in the cryptocurrency ETF market.
BlackRock’s co-founder and CEO Larry Fink expressed a notable shift in perspective on Bitcoin during a CNBC interview on Monday, describing it as a “legitimate financial instrument” and admitting his earlier skepticism was misplaced.
BlackRock’s IBIT emerged as the top spot bitcoin ETF with substantial inflows, reflecting investor confidence amid ongoing market volatility.
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