Key Points
- US spot bitcoin exchange-traded funds (ETFs) have achieved a record 18-day streak of net inflows.
- The total net inflow for the 11 funds reached $217.78 million, with BlackRock's IBIT attracting the most.
US spot Bitcoin ETFs have set a new record, with 18 consecutive days of net inflows.
This is the longest positive flow streak since these funds were listed.
ETFs Performance
The 11 funds collectively recorded a net inflow of $217.78 million.
The largest contributor to this was BlackRock's IBIT, the largest spot bitcoin ETF by net assets, which drew $350 million worth of net inflows.
Fidelity and VanEck's bitcoin ETFs also experienced net inflows, although these were significantly less than BlackRock's.
In contrast, Ark Invest's ARKB saw net outflows of $96.6 million, marking one of the largest fund exits from the ETF.
Grayscale's converted GBTC and Bitwise's BITB also reported net outflows of $37.5 million and $3 million respectively.
The remaining five spot bitcoin ETFs, including Invesco's BTCO, did not record any flows.
Total Inflows Since Inception
Since their inception in January, the 11 spot bitcoin ETFs have logged a total net inflow of $15.56 billion.
This appears to be a recovery from a standstill in April and May, although it is still lower than the peak in March.
At the time of writing, Bitcoin's value stands above the $71,000 mark, having grown 0.24% in the past 24 hours.
