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SPOT BITCOIN ETFS SURGE with $ 363M outflow, extending 12-day rally to $ 6.6B


The Bitcoin ETF spot recorded a net inflow of $ 363 million on Friday, which marked the twelfth consecutive day of Net Inflows amid strong investor interests.

Blackrock’s Ishhares Bitcoin Trust (IBIT) led the flows with a net addition of $ 496.75 million, strengthening its position as Bitcoin’s largest place (Btc) ETF with $ 86.50 billion in assets, According to in data from sosovalue.

Fidelity’s Bitcoin ETF (FBTC) has experienced a slight flow, losing $ 17.94 million, while Grayscale’s Bitcoin Trust (GBTC) has seen a greater flow of $ 81.29 million despite the management of $ 21.45 billion in assets. Ark’s Bitcoin Strategy ETF (ARKB) recorded a net outflow of $ 33.61 million.

Grayscale’s Bitcoin ETF has remained steadfast without a net flow or flow, managing $ 5.37 billion. During the day, the total amount exchanged was approximately $ 4.62 billion.

Related: Raising ETFs challenges Bitcoin’s self-custody roots

Bitcoin ETFs attract $ 6.6 billion in 12-day stripes

Bitcoin ETF spots attract nearly $ 6.62 billion in net inflows over a 12-day positive period.

During this time, July 10 recorded the largest single-day flow with $ 1.18 billion, closely followed by July 11 with $ 1.03 billion. This is the first time these products have seen More than $ 1 billion in flow on two straight days.

Spot bitcoin ETFS see 12-day inflow streak. Source: Sosovalue

Other prominent flows took place on July 16 and July 3, with $ 799.40 million and $ 601.94 million, respectively. On the other hand, July 8 shows the smallest net inflow for $ 80.08 million.

The combined Total Net Inflow in the Bitcoin ETFS spot has reached $ 54.75 billion. Meanwhile, the total net assets under management stand for $ 152.40 billion, worth 6.51% of the Bitcoin market capitalization.

Related: Bitcoin ETF Inflows shows ‘double’ institutions to BTC at $ 116K

ETF ETF spots are getting momentum

Spot ether (Eth) ETFs have also seen significant flows over the past two weeks. On Friday, the Ethereum Spot ETF recorded a net inflow of $ 402.50 million, contributing to a combined with a total net of $ 7.49 billion.

During an 11-day flow of flow, July 16 is marked the peak for Ether ETF with a Record $ 726.74 million net inflowthe highest sunny benefits from their launch. July 17 also saw the stable flow of $ 602.02 million.

Spot Bitcoin ETFS See 11-day outflow. Source: Sosovalue

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