Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak | Headlines | News | CoinMarketCap

07/13/2024 23:49
Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak | Headlines | News | CoinMarketCap

Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds have set a new record for …

Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds have set a new record for cumulative total net inflows: $15.81 billion, according to SoSoValue data. 

The funds have added over $1 billion in assets under management since the beginning of the six-day streak. Friday, the latest trading day, was also the most successful day for net inflows since June 5, with spot bitcoin ETFs logging $310 million in net inflows.

The inflows were largely led by BlackRock's IBIT, the largest spot bitcoin ETF by asset value, which added $120 million on Friday. Fidelity's FBTC was close behind with $115 million in inflows, while the majority of the remainder comprised of inflows to Grayscale's GBTC, Bitwise's BITB, and Ark Invest's ARKB …

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