Bitcoin ETFs Extend Positive Streak: Insights on Recent Inflows
U.S. Spot Bitcoin ETFs – U.S. spot bitcoin exchange-traded funds (ETFs) reported $235.19 million in net inflows on Monday, extending their positive streak to two consecutive days. This recent influx indicates a growing investor confidence in the bitcoin market amid fluctuating economic conditions.
Fidelity Leads with Significant Inflows
Among the 12 ETFs tracked, Fidelity’s FBTC recorded the largest daily inflows, attracting $103.68 million according to data from SoSoValue. This strong performance highlights Fidelity’s increasing appeal to investors looking to capitalize on the rising demand for bitcoin exposure. Following closely, BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw net inflows of $97.88 million, rebounding from a previous report of zero inflows last Friday.
Other notable performers included Bitwise’s BITB, which logged $13.09 million in net inflows, and Ark and 21Shares’ ARKB, receiving $12.63 million. VanEck’s HODL and Invesco’s BTCO also contributed to the positive momentum with inflows of $5.37 million and $2.53 million, respectively.
Mixed Performance Among ETFs
Conversely, Grayscale’s GBTC, the second-largest spot bitcoin ETF, alongside six other ETFs, reported zero inflows on Monday. This mixed performance underscores the varying levels of investor interest across different funds within the bitcoin ETF landscape.
Trading Volume Overview
The total trading volume for these 12 ETFs amounted to $1.22 billion on Monday, slightly increasing from $1.19 billion on Friday and $1.13 billion on Thursday. This uptick in trading volume signals heightened activity among investors, likely driven by the recent inflows.
Ethereum ETFs Stagnate
In contrast, spot Ethereum (ETH) ETFs in the U.S. recorded zero flows on Monday, following net inflows of $7.39 million on Friday and net outflows of $3.2 million on Thursday. The total trading volume for these nine Ethereum ETFs shrank to $118.43 million on Monday, down from $148.01 million on Friday, suggesting a cooling interest in Ethereum relative to bitcoin at this time.
FAQs
What are spot Bitcoin ETFs?
Spot Bitcoin ETFs are exchange-traded funds that invest directly in Bitcoin, allowing investors to gain exposure to the cryptocurrency without having to purchase it directly. These ETFs track the price of Bitcoin in real-time, providing a way for investors to trade Bitcoin on traditional stock exchanges.
How much did U.S. spot Bitcoin ETFs report in net inflows recently?
On Monday, U.S. spot Bitcoin ETFs reported $235.19 million in net inflows, marking the continuation of a positive trend over two consecutive days.
What impact did BlackRock’s IBIT experience?
BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, experienced net inflows of $97.88 million, recovering from a previous report of zero inflows last Friday.
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