US Spot Bitcoin ETFs Continue to Gain Momentum, Recording Sixth Consecutive Day of Positive Performance

US Spot Bitcoin ETFs Continue to Gain Momentum, Recording Sixth Consecutive Day of Positive Performance

In recent data, it has been revealed that U.S. spot bitcoin exchange-traded funds (ETFs) have been experiencing positive inflows for six consecutive days. During this period, the spot bitcoin ETFs managed to attract a total of $1.186 billion.

Leading the way in terms of inflows on Monday was Ark Invest’s ARKB fund, which saw an impressive $68 million in new investments. As a result, ARKB now holds a significant 48,364 BTC, with a value of approximately $3.44 billion based on Tuesday’s bitcoin exchange rates. Following closely behind was Blackrock’s IBIT, which recorded $66 million in inflows, bringing the fund’s total reserves to 276,759.43 BTC, worth $19.72 billion.

In terms of trading volume, IBIT dominated Monday’s activity, accounting for $1.29 billion out of the total $2.48 billion recorded across the entire group. Fidelity’s FBTC fund attracted the third-highest inflows on Monday with $64 million, followed by Bitwise’s BITB, which accrued $28 million. FBTC now commands 158,258.91 BTC, valued at $11.27 billion based on current BTC exchange rates. BITB holds 36,152.40 BTC in its trust, worth $2.57 billion as of Tuesday.

Grayscale’s Bitcoin Trust (GBTC) also reported positive inflows on Monday, with $9 million. At the time of writing, GBTC holds 289,390.34 BTC in reserves, valued at an estimated $20.62 billion. Since January 12, 2024, GBTC has divested 327,689.65 BTC, valued at approximately $23.35 billion. Alongside the positive performance of U.S. spot BTC ETFs, Hong Kong’s spot bitcoin ETFs also saw inflows of 99.9 BTC ($7.11 million) on Monday.

What are your thoughts on the inflows of U.S. spot bitcoin ETFs? Feel free to share your opinions and thoughts on this matter in the comments section below.

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