U.S. Bitcoin ETFs Experience Record Inflows
U.S. spot bitcoin exchange-traded funds (ETFs) had a remarkable day on Monday, with the largest net inflow since June 7, 2024, totaling $129.45 million. This marked the fifth consecutive day of inflows and the highest amount since June 7, as reported by sosovalue.xyz and coinglass.com.
The trading volume for U.S. spot bitcoin ETFs on Monday reached $1.36 billion, accompanied by the substantial inflows. Fidelity’s FBTC led the pack with an impressive $65.03 million in inflows on July 1, followed closely by Bitwise’s BITB with $41.4 million. Ark Invest and 21shares’ ARKB fund also saw a significant inflow of $12.65 million. Other ETFs, such as Vaneck’s HODL, Invesco and Galaxy’s BTCO, and Franklin Templeton’s EZBC, had smaller inflows in comparison.
Several other funds, including GBTC, IBIT, BRRR, BTCW, and DEFI, experienced a neutral day, with no inflows or outflows. This brought the cumulative total net inflow since Jan. 11, 2024, to an impressive $14.65 billion. Additionally, the 11 U.S.-based ETFs now hold $54.92 billion in BTC reserves.
The performance of the ETFs on Monday has sparked discussions and opinions within the investment community. What are your thoughts on this significant development? Share your views in the comments section below.
