On July 15th, 2024, the total net inflow of $301 million was recorded for all 11 US spot Bitcoin ETFs, marking their continuous run of seven days. The iShares Bitcoin Trust (IBIT) from BlackRock had the highest net inflow of $117.25 million, making it the most actively traded Bitcoin ETF on that particular day.
ARK Invest and 21Shares’ ARKB experienced net inflows of $117.19 million, demonstrating significant interest from institutional investors. Additional capital from VanEck, Invesco, Galaxy Digital, and Franklin Templeton also experienced favorable net inflows.
On Monday, Grayscale’s Bitcoin Investment Trust (GBTC), which is the biggest Bitcoin fund, did not receive any new investments. Although trading volumes were down compared to March 2024, the total net inflows have accumulated to $16.11 billion since January.
The price of Bitcoin has rebounded, exceeding $63,000, thereby strengthening its status as a lucrative investment. The anticipated introduction of spot Ether ETFs on July 23rd, 2024 is projected to enhance the already strong market attitude, potentially attracting a greater number of investors to allocate funds towards digital assets.
