Spot Bitcoin ETFs Extend Inflow Streak to $6.6 Billion
Spot Bitcoin ETFs continue gaining momentum, with Friday’s $363 million net inflow marking twelve consecutive days of growth. This brings the total inflow to $6.6 billion, pushing assets under management to $152.4 billion according to SoSoValue data.
BlackRock’s IBIT Leads ETF Inflows
BlackRock‘s iShares Bitcoin Trust (IBIT) dominated with $496.75 million in net additions, solidifying its position as the largest spot Bitcoin ETF with $86.50 billion in assets. This performance underscores growing institutional confidence in Bitcoin.
Mixed Results Across Competing ETFs
While BlackRock flourished, Fidelity’s Bitcoin ETF (FBTC) saw $17.94 million in outflows. Grayscale’s Bitcoin Trust (GBTC) experienced $81.29 million in outflows despite managing $21.45 billion in assets. Ark Invest’s ARKB also recorded $33.61 million in outflows.
Record Inflows Highlight Market Confidence
The streak included two consecutive $1 billion+ inflow days (July 10-11) – a first for spot Bitcoin ETFs. Cumulative inflows now total $54.75 billion, representing 6.51% of Bitcoin’s market capitalization.
Ethereum ETFs Show Parallel Growth
Spot Ether ETFs mirrored this trend with $402.50 million in Friday inflows, contributing to a $7.49 billion cumulative total. July 16 saw a record $726.74 million single-day inflow for Ether products.
Key Market Developments
- 12-day inflow streak totals $6.6 billion for Bitcoin ETFs
- BlackRock’s IBIT leads with $496.75 million single-day addition
- Total ETF assets reach $152.4 billion
- Ethereum ETFs post $7.49 billion in cumulative inflows
