Spot Bitcoin ETFs saw over $310 million in inflows on July 12, marking their best day since June 5. BlackRock’s iShares Bitcoin Trust led the way with $120 million, followed by Fidelity’s Wise Origin Bitcoin Fund with $115.1 million, according to Farside Investors.
The Bitwise Bitcoin ETF recorded $28.4 million in inflows, while Grayscale Bitcoin Trust had a rare inflow of $23 million.
The VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF saw inflows of $6 million and $4 million, respectively. However, the spot Bitcoin ETFs from Hashdex, Franklin Templeton, Valkyrie, and WisdomTree did not record any inflows that day.
This was the largest inflow day since June 5, when spot Bitcoin ETFs received $488.1 million.
With Friday’s total, spot Bitcoin ETFs brought in a combined $1.04 billion for the week. Since their launch just over six months ago, these ETFs have accumulated $15.8 billion in net inflows.
This total includes over $18.6 billion in outflows from Grayscale’s main Bitcoin product, which became a spot ETF after U.S. regulators approved it in January.
The Hashdex Bitcoin ETF (DEFI) is the only other spot Bitcoin ETF with a net outflow, which is relatively small at $2 million.
Bitcoin (BTC) has increased 1.1% in the last 24 hours and is currently trading at $57,858, according to CoinGecko. However, it is down nearly 15% over the last month and is now more than 21% below its all-time high.
Some of these Bitcoin ETF issuers are now getting ready to launch spot Ether (ETH) ETFs, which could be available as early as next week, according to Nate Geraci, President of The ETF Store.
They are waiting for approval from the U.S. securities regulator after submitting updated registration statements and receiving initial feedback late last month.
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