Spot Bitcoin ETFs gain $363M, extend 12-day inflow streak to $6.6B

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Spot Bitcoin ETFs person attracted implicit $6.6 cardinal successful 12 days, boosting assets nether absorption to $152.4 billion.

Spot Bitcoin ETFs summation $363M, widen 12-day inflow streak to $6.6B

Spot Bitcoin ETFs recorded a nett inflow of $363 cardinal connected Friday, marking the twelfth consecutive time of nett inflows amid beardown capitalist interest.

BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with a nett summation of $496.75 million, strengthening its presumption arsenic the largest spot Bitcoin (BTC) ETF with $86.50 cardinal successful assets, according to information from SoSoValue.

Fidelity’s Bitcoin ETF (FBTC) experienced a flimsy outflow, losing $17.94 million, portion Grayscale’s Bitcoin Trust (GBTC) saw a larger outflow of $81.29 cardinal contempt managing $21.45 cardinal successful assets. Ark’s Bitcoin Strategy ETF (ARKB) recorded a nett outflow of $33.61 million.

Grayscale’s Bitcoin ETF remained dependable with nary nett inflow oregon outflow, managing $5.37 billion. During the day, the full worth traded was astir $4.62 billion.

Bitcoin ETFs pull $6.6 cardinal successful 12-day streak

Spot Bitcoin ETFs attracted astir $6.62 cardinal successful nett inflows implicit the 12-day affirmative period.

During this period, July 10 recorded the largest single-day inflow with $1.18 billion, intimately followed by July 11 with $1.03 billion. This was the archetypal clip these products saw over $1 cardinal successful inflows connected 2 consecutive days.

Other notable inflows occurred connected July 16 and July 3, with $799.40 cardinal and $601.94 million, respectively. On the different hand, July 8 showed the smallest nett inflow astatine $80.08 million.

The cumulative full nett inflow into spot Bitcoin ETFs has present reached $54.75 billion. Meanwhile, full nett assets nether absorption basal astatine $152.40 billion, accounting for 6.51% of Bitcoin’s marketplace capitalization.

Spot Ether ETFs summation momentum

Spot Ether (ETH) ETFs person besides seen important inflows implicit the past 2 weeks. On Friday, Ethereum spot ETFs recorded a nett inflow of $402.50 million, contributing to a cumulative full nett inflow of $7.49 billion.

During an 11-day inflow streak, July 16 marked the highest for Ether ETFs with a record $726.74 cardinal nett inflow, the highest regular summation since their launch. July 17 besides saw robust inflows of $602.02 million.