U.S.-based spot bitcoin exchange-traded funds (ETFs) have accumulated over $16 billion in net inflows as of Monday, showcasing sustained investor interest across varying market conditions.
According to data from Farside Investors, these ETFs recorded another $300 million in net inflows yesterday, marking the seventh consecutive day of positive growth. A significant portion of these funds, amounting to $117.2 million, flowed into BlackRock’s iShares Bitcoin Trust (IBIT), which now manages assets totaling $18.4 billion. IBIT is on track to surpass the $20 billion mark soon, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) is nearing $10 billion in assets under management (AUM).
The surge in inflows coincided with a robust rebound in bitcoin prices, climbing to $64,600 from the mid-$50K range where it had been stagnant earlier this month due to market pressures stemming from Germany’s BTC sale and Mt. Gox repayments.
Despite bitcoin’s early July downturn, the ETFs have consistently attracted daily net additions ranging from $140 million to $300 million. This trend counters skepticism from some market observers who believed the ETF interest represented volatile “hot money” prone to quick exits at the first sign of price instability.
In addition to bitcoin, attention is turning to potential spot ether ETFs, with issuers finalizing documents for submission to the U.S. Securities and Exchange Commission (SEC). The SEC has indicated that these funds could potentially debut as early as Tuesday, July 23, adding to the growing interest in cryptocurrency investment vehicles.
The ongoing strong performance of bitcoin ETFs underscores investor confidence in digital assets and their growing integration into traditional financial markets.
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