- Bitcoin ETFs have extended their positive streak to a 12th day.
- BlackRock’s IBIT stole the limelight on Monday with massive inflows.
- Other funds seemed to have fallen out of favor with investors.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded hundreds of millions in inflows on Monday, marking its highest single-day funds intake since March 13.
IBIT dethroned Grayscale’s GBTC as the world’s largest spot Bitcoin ETF on May 28 after amassing 288,670 BTC in net assets. Investors have poured $19.5 billion into BlackRock’s crypto fund since it began trading on January 11.
Spot Bitcoin ETF Flows on July 22
According to SoSoValue data , the 11 U.S.-listed spot Bitcoin exchange-traded funds pulled $533.57 million from investors on July 22, continuing their positive streak into a 12th consecutive day.
Sponsored
BlackRock’s crypto fund IBIT led the day’s inflows with $526.7 million, as the remaining ten products seemed to have fallen out of favor with investors. Fidelity’s FBTC, Invesco’s BTCO, and Franklin Templeton’s EZBC saw $23.72 million, $13.65 million, and $7.87 million in daily net inflows, respectively.
While VanEck’s HODL reported $38.37 million in net outflows on Monday, the remaining funds logged zero flows, including Grayscale’s GBTC, Ark Invest’s ARKB, Valkyrie’s BRRR, Wisdom Tree’s BTCW, and Hashdex’s DEFI. No data was captured for Bitwise’s BITB.
The inflow streak into spot Bitcoin ETFs continued alongside Bitcoin’s steady price rally, which briefly topped the $68,000 mark on Monday to reach its highest peak in over a month. CoinMarketCap data shows that the crypto asset has since pared some of the gains to exchange hands at $66,675 at the time of writing.
Sponsored
Meanwhile, the U.S. Securities and Exchange Commission (SEC) gave Ether ETFs the green light to start trading on Tuesday.
Stay updated on inflows into crypto funds:
Crypto Funds Extend 3-Week Positive Streak with $1.4B Inflows
Read about Metaplanet’s latest Bitcoin acquisition:
Metaplanet Buys Additional Bitcoin as Price Breaks Above $67K
