Spot Bitcoin ETFs See $363M Inflow, Extending Streak to $6.6B
- Spot Bitcoin ETFs recorded a net inflow of $363 million on Friday, marking the twelfth consecutive day of inflows.
- Fidelity’s Bitcoin ETF (FBTC) faced an outflow of $17.94 million, while Grayscale’s Bitcoin Trust (GBTC) saw a larger outflow of $81.29 million.
- Cumulative net inflows into spot Bitcoin ETFs have reached $54.75 billion, with total assets under management at $152.40 billion.
- Ethereum spot ETFs also performed well, attracting a net inflow of $402.50 million on Friday and totaling $7.49 billion in cumulative inflows.
- The largest single-day inflow for spot Bitcoin ETFs occurred on July 10 with $1.18 billion.
The ongoing interest in Bitcoin ETFs reflects strong institutional demand, as evidenced by the significant cumulative inflows over recent weeks.
With total net assets under management reaching $152.40 billion, the market is witnessing robust participation from investors in both Bitcoin and Ethereum products.(Source)
