Bitcoin News Today: Bitcoin ETFs See $363 Million Inflow, 12-Day Streak Continues

Spot Bitcoin ETFs experienced a significant net inflow of $363 million on Friday, marking the twelfth consecutive day of positive net inflows. This sustained investor interest has resulted in a total of $6.62 billion in net inflows over the 12-day period.

Leading the inflows was BlackRock’s iShares Bitcoin Trust (IBIT), which added $496.75 million to its assets, solidifying its position as the largest spot Bitcoin ETF with $86.50 billion in assets. This influx has further strengthened IBIT's dominance in the market.

In contrast, Fidelity’s Bitcoin ETF (FBTC) saw a slight outflow of $17.94 million, while Grayscale’s Bitcoin Trust (GBTC) experienced a more substantial outflow of $81.29 million, despite managing $21.45 billion in assets. Ark’s Bitcoin Strategy ETF (ARKB) also recorded a net outflow of $33.61 million. Grayscale’s Bitcoin ETF remained stable with no net inflow or outflow, managing $5.37 billion in assets.

During the 12-day period, July 10 and July 11 were particularly notable, with inflows of $1.18 billion and $1.03 billion, respectively. These were the first instances where spot Bitcoin ETFs saw over $1 billion in inflows on consecutive days. Other significant inflows occurred on July 16 and July 3, with $799.40 million and $601.94 million, respectively. The smallest net inflow for the period was on July 8, at $80.08 million.

The cumulative total net inflow into spot Bitcoin ETFs has now reached $54.75 billion. The total net assets under management stand at $152.40 billion, representing 6.51% of Bitcoin’s market capitalization. This sustained inflow indicates a growing institutional interest in Bitcoin ETFs, despite the recent outflows from some major funds.

Spot Ether ETFs have also seen a surge in inflows over the past two weeks. On Friday, Ethereum spot ETFs recorded a net inflow of $402.50 million, contributing to a cumulative total net inflow of $7.49 billion. During an 11-day inflow streak, July 16 marked the peak for Ether ETFs with a record $726.74 million net inflow, the highest daily gain since their launch. July 17 also saw robust inflows of $602.02 million, indicating a strong investor appetite for Ethereum ETFs as well.