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.