Bitcoin News Today: Bitcoin ETFs See $363 Million Inflows in 12th Straight Day

Investor enthusiasm for spot Bitcoin ETFs remained robust, with Friday marking the twelfth consecutive day of net inflows. The latest data indicates that a collective $363 million was added to these funds, bringing the total inflows over this period to an impressive $6.62 billion. This sustained inflow underscores the growing institutional interest in Bitcoin, as these ETFs continue to attract significant capital.

BlackRock’s iShares Bitcoin Trust (IBIT) was a standout performer, drawing in $496.75 million in new capital. This substantial inflow further solidifies IBIT’s position as a leader in the market, with assets under management now totaling $86.5 billion. The fund’s dominance is a testament to its appeal among investors seeking exposure to Bitcoin through regulated financial instruments.

In contrast, Grayscale’s GBTC experienced the day’s largest outflow, with $81.29 million exiting the fund. ARK’s Bitcoin ETF (ARKB) also saw a notable outflow of $33.61 million, while Fidelity’s FBTC posted a more modest outflow of $17.94 million. Despite these outflows, the overall trend of inflows into spot Bitcoin ETFs remains strong, indicating a broader shift in investor sentiment towards these products.

The combined net assets across all spot Bitcoin ETFs now stand at $152.4 billion, representing 6.5% of Bitcoin’s overall market cap. This significant allocation highlights the growing role of ETFs in shaping Bitcoin’s market dynamics. The momentum shows no signs of abating, with July 10 and 11 each witnessing over $1 billion in daily inflows—the first back-to-back days to achieve this milestone. Institutional interest continues to drive this trend, as more investors recognize the potential of Bitcoin as a store of value and a hedge against inflation.

The sustained inflow into spot Bitcoin ETFs reflects a broader trend of institutional adoption of cryptocurrencies. As more investors seek exposure to Bitcoin through regulated and transparent vehicles, the demand for these ETFs is likely to continue growing. This trend is supported by the robust trading activity observed in the market, with $4.62 billion worth of Bitcoin ETF shares changing hands on the day. The combination of strong inflows and active trading suggests that the ETF sector will play an increasingly important role in Bitcoin’s market dynamics in the coming months.