Spot Bitcoin ETFs Surge with $363M Inflows, Extend 12-Day Rally to $6.6B
Spot Bitcoin ETFs experienced a net inflow of $363 million on Friday, marking the twelfth consecutive day of inflows, totaling approximately $6.62 billion over this period. BlackRock’s iShares Bitcoin Trust (IBIT) led with $496.75 million in inflows, holding $86.50 billion in assets. Fidelity’s Bitcoin ETF (FBTC) had an outflow of $17.94 million, while Grayscale’s Bitcoin Trust (GBTC) saw a larger outflow of $81.29 million, managing $21.45 billion. Ark’s Bitcoin Strategy ETF (ARKB) recorded a net outflow of $33.61 million. Grayscale’s Bitcoin ETF remained stable at $5.37 billion. The total value traded was approximately $4.62 billion. Cumulative net inflows into spot Bitcoin ETFs reached $54.75 billion, with total net assets under management at $152.40 billion, representing 6.51% of Bitcoin’s market cap. Spot Ether ETFs also gained traction, recording a net inflow of $402.50 million on Friday and a cumulative total of $7.49 billion over 11 days, peaking with $726.74 million on July 16.
