US Spot Bitcoin Exchange Traded Funds (ETFs) See Highest Inflows Since June 7! Here are the Details

11 US spot Bitcoin exchange-traded funds (ETFs) experienced a significant increase in net inflows on Monday, totaling $129.45 million. This marks the fifth consecutive day of positive flows and the largest fund pickup since June 7.

US Spot Bitcoin ETFs Report Net Inflows of $130 Million, Largest Inflow in Last Three Weeks

Fidelity’s FBTC reported the highest inflow at $65 million. Following it closely, Bitwise’s BITB recorded a net inflow of 41 million dollars.

Ark Invest and 21Shares’ ARKB recorded a net inflow of $13 million. Meanwhile, funds from Invesco, Galaxy Digital, VanEck and Franklin Templeton reported relatively small inflows of around or below $5 million each.

Interestingly, the two largest spot Bitcoin ETFs by net asset value, BlackRock’s IBIT and Grayscale’s GBTC, saw no inflows on Monday.

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The combined trading volume of these 11 Bitcoin funds reached approximately $1.36 billion on Monday. Since their inception in January, the ETFs have generated a total of $14.65 billion in net inflows.

Both Bitcoin and Ethereum typically outperform in July due to historically positive seasonality, QCP Capital analysts noted in a report published Monday.

Coinbase analysts also highlighted the positive seasonal trend observed in July, suggesting that it will be a potentially positive month for the cryptocurrency market.

*This is not investment advice.

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