2024

Bitcoin

Planet

Spot

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 The US-listed Spot Bitcoin ETFs saw a net inflow of $295 million on Monday, July 8, marking the largest single-day inflow since June 5.
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According to<a style="color: #0000ff;" href="https://x.com/FarsideUK/status/1810522279404515769" rel="noopener noreferrer nofollow"> data from Farside Investors</a>, BlackRock’s $IBIT led the charge with $187.21 million in new investments. Following $IBIT, Fidelity Investments’ $FBTC recorded the second-largest flow for the day, with $61.5 million entering its portfolio, followed by Grayscale’s $GBTC with $25.1 million inflows.&nbsp;
Bitwise’s $BITB, Ark Invest and 21 Shares’ $ARKB, and VanEck’s $HODL funds saw inflows of $11 million, $8.44 million, and $1.6 million worth of crypto assets, respectively, according to the data. On the other hand, every other ETF didn’t record any movement in their portfolios.&nbsp;
July has been a slow month for the US ETFs, as last Friday was the first time the funds saw huge inflows since<a style="color: #0000ff;" href="https://defi-planet.com/2024/07/u-s-spot-bitcoin-etf-market-kicks-off-july-with-strong-gains/" rel="noopener noreferrer nofollow"> July 1, when they reported a net inflow of $129.5 million</a>. On that day, Fidelity’s $FBTC led with $65 million in inflows, followed by Bitwise’s $BITB at $41.4 million and ARK21Shares’ fund at $12.7 million. VanEck’s $HODL, Invesco Galaxy’s $BTCO, and Franklin Templeton’s $EZBC also saw positive flows of $5.4 million, $3.2 million, and $1.8 million, respectively.
Notably, the newest cumulative inflow figure beat the one recorded (at $143.1 million) on June 5. Also, BlackRock’s $iBIT appears to be roaring back to life following weeks of little to no activity.&nbsp;
The 11 funds traded $198 billion worth of assets through their portfolios, according to data from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">data </a>from SoSoValue. Since their January 2024 launch, these ETFs have accumulated a net inflow of $15 billion. The total net asset value of cryptocurrencies in these funds has reached $49.32 billion, representing a 4.45% increase from the previous day.
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The post <a href="https://defi-planet.com/2024/07/us-spot-bitcoin-etfs-experience-largest-single-day-inflow-since-june-2024/" rel="noopener noreferrer nofollow">US Spot Bitcoin ETFs Experience Largest Single-Day Inflow Since June 2024</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

US Spot Bitcoin ETFs Experience Largest Single-Day Inflow Since June 2024

DeFi Planet

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