United

Bitcoin

James

<h2 id="key-points">Key Points</h2>
<ul>
 <li>U.S. spot Bitcoin ETFs have recorded six successive days of net inflows, amassing $241.12 million on Monday.</li>
 <li>The cumulative total net inflows since January have reached $12.87 billion.</li>
</ul>
<p>The exchange-traded funds (ETFs) for spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> in the United States have reported a sixth consecutive day of net inflows. On Monday, they attracted $241.12 million. This is the longest positive streak these funds have seen since mid-March.</p>
<h2 id="significant-contributions-from-major-funds">Significant Contributions from Major Funds</h2>
<p>Ark Invest and 21Shares’ spot Bitcoin ETF contributed $68 million worth of funds. BlackRock’s IBIT was not far behind with a net inflow of $66 million, according to data from SoSoValue. Fidelity’s FBTC reported a net inflow of $64 million, while Bitwise’s spot ETF recorded an inflow of $28 million.</p>
<p>Grayscale’s GBTC, which had been experiencing mainly net outflows until recently, managed to attract $9 million worth of net inflows. WisdomTree’s BTCW fund added $5 million.</p>
<h2 id="cumulative-inflows-and-bitcoin-price">Cumulative Inflows and Bitcoin Price</h2>
<p>In the past six days, the 11 spot Bitcoin ETFs have seen total net inflows of over $1.18 billion. This has pushed the cumulative total net inflows since January to $12.87 billion. However, overall flows for the 11 ETFs remain significantly lower than their peak in March.</p>
<p>In the meantime, the price of Bitcoin rose 6.35% in the past 24 hours to over $71,000. Bloomberg ETF analysts Eric Balchunas and James Seyffart have suggested that the chances of the U.S. Securities and Exchange Commission approving spot ether ETFs have risen from 25% to 75%.</p>

Bitcoin ETFs Achieve Unsurpassed Sixth Day of Net Inflows

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