United

Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

BlackRock

On July 12, Bitcoin exchange-traded funds (ETFs) based in the United States saw a big increase in investments, their best day since June 5. More than $310 million was invested, with most of the money going to BlackRock and Fidelity.
According to Farside Investors data, BlackRock’s iShares Bitcoin Trust (IBIT) led with $120 million in inflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) followed closely with $115.1 million.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> ETFs Net flows today = +$309.9m Largest net inflow day since June 5th <a href="https://t.co/P22GeQIkvT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/P22GeQIkvT</a>— #333kByJuly2025 (@CarpeNoctom) <a href="https://twitter.com/CarpeNoctom/status/1811927644931236192?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 13, 2024</a>
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Bitwise Bitcoin ETF got the third position, <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener noreferrer nofollow">receiving</a> inflow cash of $28.4 million. Notably, Grayscale Bitcoin Trust (GBTC) had an unusual positive day with net flow amounting to $23 million.
Other ETF products including VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF saw an inflow of $6 million and $4 million, respectively. However, not all issuers shared in the day’s gains, as the Hashdex, Franklin Templeton Valkyrie, and WisdomTree-issued spot Bitcoin ETFs failed to register inflows.
This week’s flows amounted to a total combined $1.04 billion as demand for Bitcoin-based investment products keeps growing. In just over six months, spot Bitcoin ETFs have gathered $15.8 billion in total investments.
It’s important to note that this figure also accounts for the significant outflows from Grayscale’s converted Bitcoin product, which has seen over $18.6 billion in outflows since its conversion to a spot ETF in January. Hashdex Bitcoin ETF (DEFI) is the only other spot Bitcoin ETF to experience a net outflow, though relatively small at $2 million.
As of the time of writing, Bitcoin is trading at $58,158, showing a 1.7% increase over the last 24 hours according to <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>.
Looking ahead, some Bitcoin ETF issuers are now preparing to launch spot Ether ETFs, which could debut <a href="https://www.cryptotimes.io/2024/07/08/spot-ethereum-etf-could-potentially-as-early-as-july-15th/" rel="noopener noreferrer nofollow">as early as next week</a>. These issuers are awaiting approval from the U.S. securities regulator on their amended S-1 registration statements, having received initial feedback late last month.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/07/11/rex-shares-launches-2x-bitcoin-etfs-for-volatility-traders/" rel="noopener noreferrer nofollow">REX Shares Launches 2X Bitcoin ETFs for Volatility Traders</a>
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Spot Bitcoin ETFs See Highest Inflows On July 12

The Crypto Times

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