Record $422M Inflows Highlight Major Momentum for US Spot Bitcoin ETFs

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Bitcoin spot ETFs in the U.S. witnessed a significant daily net inflow of $422 million on Tuesday, marking the largest inflow since June 5th.
This surge has extended the positive inflow streak to eight consecutive days.
BlackRock’s iShares Bitcoin Trust (IBIT) led the way with a major inflow of $260.23 million and an impressive trading volume of approximately $1.02 billion on Tuesday.

Discover how U.S. Bitcoin ETFs saw a massive net inflow, as major players like BlackRock and Fidelity draw significant investments. Stay updated on the latest trends and insights.

Surge in U.S. Bitcoin ETF Inflows Breaks Records

In a remarkable turn of events, U.S. Bitcoin spot ETFs experienced an extraordinary net inflow of $422 million on Tuesday. This marks the largest single-day inflow since early June, reflecting growing investor confidence and interest in Bitcoin as an asset class. The consecutive eight-day streak of positive inflows underscores a renewed interest in the digital currency market.

BlackRock’s Dominant Position

Leading the charge, BlackRock’s iShares Bitcoin Trust (IBIT) reported a tremendous inflow of $260.23 million. According to SoSoValue data, IBIT also posted a robust trading volume of about $1.02 billion on the same day. This significant influx highlights BlackRock’s strong positioning and investor trust in their crypto strategy.

Other Major Players See Inflows

Other key players also experienced substantial inflows. Fidelity’s FBTC registered an impressive $61.05 million, showcasing its competitive edge. Ark Invest and 21Shares’ ARKB garnered $29.85 million, while VanEck’s HODL attracted $22.04 million. Additionally, Invesco and Galaxy Digital’s spot Bitcoin fund saw $20.54 million in inflows, and Bitwise’s BITB drew $17.34 million. Notably, ETFs from Franklin Templeton and Valkyrie also marked significant contributions to the overall inflows.

Stable Performance Amid Volatile Markets

Contrary to these inflows, Grayscale’s recently converted GBTC reported no new inflows and recorded zero net outflows on Tuesday. Overall, the total trading volume for U.S. spot Bitcoin ETFs hit $1.76 billion, demonstrating the intense market activity and investor interest. Since their debut in January, these ETFs have accumulated a staggering $16.53 billion in net inflows, reflecting the sustained allure of Bitcoin investments.

Conclusion

The record-breaking net inflows into U.S. Bitcoin spot ETFs highlight a pivotal phase in crypto investments, with major firms like BlackRock and Fidelity leading the way. With an eight-day streak of positive inflows, the market sentiment appears notably bullish, suggesting a continued upward trend for Bitcoin ETFs. Investors are keenly observing these developments for future strategic decisions.