The Spot Bitcoin ETF saw a significant net inflow of $363 million on Friday, marking the twelfth straight day of positive returns for investors.
Leading the charge is BlackRock’s iShares Bitcoin Trust (IBIT), which added a remarkable $496.75 million, solidifying its status as the largest spot Bitcoin (BTC) ETF with total assets amounting to $86.5 billion, based on data from SOSOValue.
In contrast, Fidelity’s Bitcoin ETF (FBTC) experienced a slight decline, losing $17.94 million, while Grayscale’s Bitcoin Trust (GBTC) faced a larger loss of $81.29 million despite managing $214.5 billion in assets. Ark’s Bitcoin Strategy ETF (ARKB) also recorded a net outflow of $33.61 million.
Grayscale’s Bitcoin ETF remained stable, neither gaining nor losing any funds, and currently manages $5.37 billion. The total trading volume for the day was around $4.62 billion.
Bitcoin ETF attracts $6.6 billion in 12-day winning streak
Over a positive stretch of 12 days, the Spot Bitcoin ETF attracted net inflows totaling approximately $6.62 billion.
The most substantial inflow occurred on July 10th, reaching $1.18 billion, followed closely by $1.03 billion on July 11th. This marked the first instance where these products exceeded $1 billion in inflows for two consecutive days.
Other significant inflows were noted on July 16th and July 3rd, with $799.4 million and $601.94 million respectively. The lowest net inflow during this period was $80 million on July 8th.
The total cumulative net inflow into Spot Bitcoin ETFs now stands at approximately $54.755 billion, while the overall assets under management total $1,524 billion, which is about 6.51% of Bitcoin’s market capitalization.
Spot ether ETFs gain momentum
Spot Ether (ETH) ETFs have experienced a remarkable surge in inflows over the past couple of weeks. On Friday, Ethereum Spot ETFs recorded a net inflow of $425 million, contributing to a total cumulative net inflow of $7.49 billion.
During an 11-day streak, July 16th saw a record peak for ether ETFs, with a net influx of $726.74 million, marking the highest daily profit since the launch. On July 17th, another strong inflow of $620 million was reported.
