Key Points
- U.S. spot Bitcoin ETFs have recorded six successive days of net inflows, amassing $241.12 million on Monday.
- The cumulative total net inflows since January have reached $12.87 billion.
The exchange-traded funds (ETFs) for spot Bitcoin in the United States have reported a sixth consecutive day of net inflows. On Monday, they attracted $241.12 million. This is the longest positive streak these funds have seen since mid-March.
Significant Contributions from Major Funds
Ark Invest and 21Shares’ spot Bitcoin ETF contributed $68 million worth of funds. BlackRock’s IBIT was not far behind with a net inflow of $66 million, according to data from SoSoValue. Fidelity’s FBTC reported a net inflow of $64 million, while Bitwise’s spot ETF recorded an inflow of $28 million.
Grayscale’s GBTC, which had been experiencing mainly net outflows until recently, managed to attract $9 million worth of net inflows. WisdomTree’s BTCW fund added $5 million.
Cumulative Inflows and Bitcoin Price
In the past six days, the 11 spot Bitcoin ETFs have seen total net inflows of over $1.18 billion. This has pushed the cumulative total net inflows since January to $12.87 billion. However, overall flows for the 11 ETFs remain significantly lower than their peak in March.
In the meantime, the price of Bitcoin rose 6.35% in the past 24 hours to over $71,000. Bloomberg ETF analysts Eric Balchunas and James Seyffart have suggested that the chances of the U.S. Securities and Exchange Commission approving spot ether ETFs have risen from 25% to 75%.
