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Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

United States-based spot Bitcoin exchange-traded funds (ETFs) recorded over $310 million in inflows on July 12, marking their best-performing day since June 5.
BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund accounted for most of the flows at $120 million and $115.1 million, respectively, <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener nofollow">according</a> to Farside Investors data.
The Bitwise Bitcoin ETF came in third at $28.4 million, while the Grayscale Bitcoin Trust recorded another <a href="https://cointelegraph.com/news/grayscale-gbtc-inflows-record-bitcoin-exchange-traded-fund-etf">rare inflow day</a> at $23 million.
The VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF also received $6 million and $4 million in inflows, respectively.
Meanwhile, the Hashdex, Franklin Templeton, Valkyrie and WisdomTree-issued spot Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs failed to register inflows on the day.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/c13e44d4-29f8-4d64-8f28-45ba35bda901.png" alt="Spot Bitcoin ETFs see highest flow day in over 5 weeks" title="">
 <figcaption style="text-align: center;">
 Daily flows into the spot Bitcoin ETFs between July 8–12. Source: Farside Investors
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It was the largest flow day since June 5, when the spot Bitcoin ETF issuers tallied $488.1 million of inflows.
Friday’s tally means the spot Bitcoin ETF issuers took in a combined $1.04 billion since Monday, July 8.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/3ef4fb2c-4374-49c9-bbe4-9da652f4004c.png" alt="Spot Bitcoin ETFs see highest flow day in over 5 weeks" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/CarpeNoctom/status/1811927644931236192" target="_blank" rel="noopener nofollow">Josh Olszewicz</a>
 </figcaption>
</figure>
The <a href="https://cointelegraph.com/learn/bitcoin-etfs-a-beginners-guide-to-exchange-traded-funds">spot Bitcoin ETFs</a> have now mustered $15.8 billion in net inflows <a href="https://cointelegraph.com/news/sec-spot-bitcoin-etf-approvals">since the products launched</a> a little over six months ago.
Related: <a href="https://cointelegraph.com/news/high-conviction-bitcoin-traders-targeted-new-btc-etfs">High-conviction Bitcoin traders targeted in new long BTC ETFs</a>
That tally includes over $18.6 billion in <a href="https://cointelegraph.com/news/grayscale-outflows-impact-ethereum-etf-launch">outflows from Grayscale’s</a> flagship Bitcoin product, which was converted into spot form following approval from the US Securities and Exchange Commission (SEC) in January.
The Hashdex Bitcoin ETF is the only other spot Bitcoin ETF with a net outflow, though it is relatively small at $2 million.
Bitcoin&nbsp;has increased 1.1% over the last 24 hours and <a href="https://cointelegraph.com/explained/what-determines-the-bitcoin-price">is currently trading</a> at $57,858, CoinGecko data shows.
However, the cryptocurrency is down nearly 15% in the last month and 21% down from its all-time high.
Some spot Bitcoin ETF issuers are now preparing to issue spot Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) ETFs, which could launch as early as July 15, <a href="https://x.com/NateGeraci/status/1811892212063519004" target="_blank" rel="noopener nofollow">according</a> to Nate Geraci, president of The ETF Store.
These issuers are now waiting for the SEC to <a href="https://cointelegraph.com/news/final-signoff-spot-ether-etfs-expected-imminently-listings-next-week-source">sign off on their amended S-1</a>&nbsp;registration statements after receiving a <a href="https://cointelegraph.com/news/sec-delays-ethereum-etf-launch-to-mid-july">first round of feedback</a> in late June.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/wolf-of-all-streets-world-bitcoin-hits-1m-1-million-hall-of-flame/">Wolf Of All Streets worries about a world where Bitcoin hits $1M: Hall of Flame</a>

Spot Bitcoin ETFs see highest flow day in over 5 weeks

Cointelegraph

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