Inflows into US Spot Bitcoin ETFs Continue for 18th Day in a Row
Spot Bitcoin ETFs in the US are seeing their longest period of consecutive net inflows since their launch, with an 18-day streak on Thursday.
According to SoSoValue, the total net inflow of $217.78 million was mainly driven by BlackRock’s IBIT, the biggest spot Bitcoin ETF in terms of assets. On Thursday, IBIT had a net inflow of $350 million. Other Bitcoin ETFs, such as Fidelity and VanEck, also saw net inflows, although they were significantly lower compared to IBIT.
On the other hand, ARK Invest’s ARKB had one of the largest outflows with a net of $96.6 million leaving the fund. Grayscale’s converted GBTC and Bitwise’s BITB also saw net outflows of $37.5 million and $3 million respectively.
The remaining five spot Bitcoin ETFs, including Invesco’s BTCO, had no flows on Thursday. Since their launch in January, the 11 spot Bitcoin ETFs have accumulated a total net inflow of $15.56 billion. This number appears to have rebounded from a period of low flows in April and May, but it is still lower than the peak in March.
