Key Points
- U.S. spot Bitcoin ETFs have experienced net inflows for nine consecutive days, attracting $107.91 million on Thursday.
- BlackRock's IBIT, Fidelity's FBTC, and VanEck's spot Bitcoin fund led the inflows.
Bitcoin exchange-traded funds (ETFs) in the United States have seen a continuous increase in net inflows for nine days, with the latest influx amounting to $107.91 million.
This is the longest streak of net inflows into spot Bitcoin ETFs since mid-March, when they recorded ten consecutive days of inflows.
Inflows Led by Major Funds
BlackRock's IBIT fund led the inflows with $89 million. Fidelity's FBTC followed closely, bringing in $19 million.
VanEck's spot Bitcoin fund also reported net inflows of $10 million. Meanwhile, Ark Invest and 21Shares' Bitcoin fund, as well as Invesco and Galaxy Digital's ETF, each recorded daily net inflows of $2 million.
However, not all funds reported positive flows. Grayscale's converted GBTC reported a net outflow of $14 million. Additionally, funds from Bitwise, Valkyrie, Franklin Templeton, WisdomTree, and Hashdex reported no changes in their flows.
Overall Performance of Bitcoin ETFs
Collectively, the 11 spot Bitcoin ETFs have seen total net inflows of over $13.43 billion since their listing in January. Despite the recent positive trend, the overall flows for these ETFs remain significantly lower than their peak in March.
The price of Bitcoin fell by 2.61% in the past 24 hours to $67,642.
In other news, the U.S. Securities and Exchange Commission announced its approval of 19b-4 forms for eight spot Ethereum ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. However, these Ethereum ETFs will still need to have their S-1 registration statements approved by the regulator before they can begin trading.
