Ethereum

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Spot

Reported by The Block: The 11 spot bitcoin ETFs in the U.S. reported nearly $79 million in net inflows on Thursday. BlackRock’s IBIT led inflows with $72 million.
The U.S. spot bitcoin exchange-traded funds recorded a total daily net inflow of $78.93 million on Thursday, extending the positive streak to a fifth day.
BlackRock’s IBIT, the largest spot bitcoin ETF by net asset value, recorded the largest net inflows of the day with $72.09 million, according to SoSoValue data. The fund was also the most traded bitcoin ETF on Wednesday, with a volume of $725.61 million. Fidelity’s FBTC saw net inflows of $32.69 million.
Bitwise’s spot bitcoin fund also drew in $7.53 million, while Ark Invest and 21Shares’ ETF added $4.31 million.
Wednesday’s inflows were countered by net outflows from Grayscale’s GBTC, worth $37.69 million. Six other funds, including VanEck’s HODL, reported zero flows yesterday.
A total of $1.31 billion worth of value was traded on the U.S. spot bitcoin funds on July 11. The trading volume in spot bitcoin ETFs remained significantly lower than that in March when the volume exceeded $8 billion on several days. The ETFs have accumulated a total net inflow of $15.5 billion since launching in January.
Meanwhile, U.S. issuers are still awaiting approval from the Securities and Exchange Commission on their latest amended registration statements for spot Ethereum ETFs. While issuers have filed revisions of the ether funds’ S-1 statements per the SEC’s response, one issuer told The Block Thursday that it expects the next message from the agency would be highly informative on the much-anticipated launch.

Spot bitcoin ETFs log $79 million in net inflows, reaching fifth consecutive day of positive flows

TokenInsight

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