U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed their most substantial net inflow since June 7, 2024, amassing $129.45 million. Fidelity’s FBTC led the inflow trend on Monday by attracting $65.03 million.
The Fifth Successive Day of Inflows for U.S. Bitcoin ETFs
On the mentioned Monday, U.S. spot Bitcoin ETFs registered a total trading volume of $1.36 billion and drew in inflows of $129.45 million. This marked the fifth consecutive day of inflows, reaching a peak not seen since June 7, as per data from sosovalue.xyz and coinglass.com.
Fidelity’s FBTC gathered the highest inflow amount of $65.03 million and took the lead on July 1. Bitwise’s BITB followed closely with an inflow of $41.4 million. Meanwhile, Ark Invest and 21shares’ ARKB fund received $12.65 million in inflows. Three other ETFs experienced comparatively smaller inflows in comparison to FBTC, BITB, and ARKB.
Vaneck’s HODL brought in $5.37 million, Invesco and Galaxy’s BTCO collected $3.16 million, and Franklin Templeton’s EZBC gained $1.84 million. Various other funds like GBTC, IBIT, BRRR, BTCW, and DEFI had a neutral day without either inflows or outflows.
Following Monday’s inflows, the cumulative total net inflow since Jan. 11, 2024, now stands at $14.65 billion. Additionally, the 11 U.S.-based ETFs collectively hold reserves of $54.92 billion in BTC.
What are your perspectives on the ETF activity observed on Monday? Feel free to share your thoughts and opinions on this subject in the comments section below.