U.S. spot Bitcoin ETFs are at their peak.
On July 12, U.S. spot Bitcoin ETFs saw their highest daily inflows since June 5th, totaling over $310 million.
BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund were the biggest contributors, bringing in $120 million and $115.1 million respectively, according to Farside Investors data.
Following the top two inflows, the Bitwise Bitcoin ETF secured the third spot with $28.4 million. Even the Grayscale Bitcoin Trust, known for its outflows, experienced a rare positive day with $23 million in inflows.
Other Bitcoin ETFs also saw some action, with the VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF pulling in $6 million and $4 million respectively. However, Hashdex, Franklin Templeton, Valkyrie, and WisdomTree’s spot Bitcoin ETFs didn’t record any inflows on July 12th.
July 12th saw their highest inflow day since June 5th, raking in over $310 million. This pushes their total haul for the week to a whopping $1.04 billion, according to data since July 8th. That’s not all, since launch a little over six months ago, these spot Bitcoin ETFs have accumulated a massive $15.8 billion in net inflows.
While the net inflows are impressive, it’s important to note that this includes over $18.6 billion originally invested in Grayscale’s Bitcoin product, which was converted into a spot ETF after the SEC’s approval in January. The Hashdex Bitcoin ETF is the only other one with a net outflow, but a relatively small one at $2 million.
It’s up slightly over the past day, trading around $57,858 according to CoinGecko. However, it’s still down nearly 15% in the last month and a significant 21% from its all-time high.
