On Friday, Spot Bitcoin-related ETFs saw a net flow of $363 million. It was the twelveth consecutive day that there were net inflows due to strong investor demand.
BlackRock’s iShares Bitcoin Trust grew the most with a total of $496.75 millions, enhancing its status as the world’s largest Bitcoin spot (BTCETFs with assets of $86.50 Billion according SoSoValue provides data.
Fidelity Bitcoin ETF’s (FBTC), which manages $21,45 billion of assets, saw a modest outflow. Grayscale Bitcoin Trust’s (GBTC) outflow was larger, at $81.29 millions. Ark’s Bitcoin Strategie ETF (ARKB), which manages $21,45 billion in assets, recorded a loss of $33.61 millions.
Grayscale’s Bitcoin ETF managed $5.37 billion, with no change in the net flow. The total traded value was around $4.62 Billion.
Related: The rise of ETFs challenges Bitcoin’s self-custody roots
Bitcoin ETFs bring in $6.6 Billion over 12 days
The net flows of Spot Bitcoin ETFs during the positive 12-day period were approximately $6.62 Billion.
In this time period, the July 10 was followed by the July 11 (1,03 billion) as having recorded the highest single-day inflow. The first time that these products have been seen over $1 billion in inflows On two consecutive days.
The other notable inflows were $799.40 and $601.94 millions, respectively. In contrast, the net inflow for July 8 was only $80.08million.
Total net flows into Bitcoin spot ETFs have now totaled $54,75 billion. Total net assets managed are $152.40 Billion, which is 6.51% the market cap of Bitcoin.
Related: Bitcoin ETF inflows show institutions ‘doubled down’ on BTC at $116K
The popularity of spot Ether ETFs is growing
Spot EtherETHETFs also saw significant inflows during the last two weeks. Ethereum spot ETFs saw a net flow of $402,50 million on Friday. This contributed to an overall net of $7.49billion.
The 16th of July marked the highest inflows for Ether-based ETFs, with an influx that lasted 11 days. record $726.74 million net inflowThe highest gain per day since the launch of their service. On July 17, there were also strong inflows, with $602.02 Million.
Magazine: Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEO
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Source: cointelegraph.com
