US spot bitcoin ETFs log $295 million inflows led by BlackRock’s IBIT | Headlines | News | CoinMarketCap

07/09/2024 15:11
US spot bitcoin ETFs log $295 million inflows led by BlackRock’s IBIT | Headlines | News | CoinMarketCap

The 11 spot bitcoin exchange-traded funds in the U.S. saw $294.9 million in net inflows on Monday, recording the largest sum of fund intake since …

The 11 spot bitcoin exchange-traded funds in the U.S. saw $294.9 million in net inflows on Monday, recording the largest sum of fund intake since June 5.

BlackRock’s IBIT, the largest spot bitcoin fund in terms of net asset value, led inflows on Monday with $187.21 million, followed by $61.54 million net inflows from Fidelity’s FBTC, according to data from SoSoValue. Grayscale’s GBTC, the second largest bitcoin ETF, reported net inflows of $25 million.

Bitwise’s BITB recorded net inflows of $11 million, and Ark Invest and 21Shares’ ARKB saw inflows of $8.44 million. VanEck’s HODL fund also recorded $1.6 million worth of net inflows.

A total of $1.98 billion worth of value was traded on the 11 spot bitcoin funds on Monday. The ETFs have accumulated a total net inflow of $15 billion …

Read more --->