Inflows into Spot BTC ETFs Reach Almost $300M

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Farside Investors’ data reveals that spot BTC ETFs experienced a substantial increase in net inflows on Monday, reaching a level not seen since June 5 at $294.8 million.

The majority of this influx, amounting to $187.2 million, came from BlackRock’s iShares Bitcoin Trust (IBIT).

The total net inflows of IBIT have reached $17.92 billion, inching closer to the $18 billion mark. The Fidelity Wise Origin Bitcoin Fund (FBTC) also saw a significant inflow of $61.5 million, bringing its total to $9.42 billion.

Interestingly, the third-largest inflow on July 8 came from the Grayscale Bitcoin Trust (GBTC), with $25.1 million.

Other notable inflows came from ARK 21Shares Bitcoin ETF (ARKB) at $11 million, Bitwise Bitcoin ETF (BITB) at $8.4 million, and VanEck Bitcoin Trust (HODL) at $1.6 million. Despite GBTC experiencing $18.5 billion in outflows, resulting in a total of $15 billion in net inflows for spot BTC ETFs, as per Farside Investors’ data.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.