Bitcoin ETF Inflows Hit $6.6B Over 12-Day Streak

Key Takeaways

• Spot Bitcoin ETFs have seen $6.6 billion in net inflows over 12 days, pushing total assets to $152.4 billion.
• BlackRock’s iShares Bitcoin Trust leads with $86.5 billion AUM, driven by a $496.75 million inflow on the latest day.
• The sector hit a historic milestone with two consecutive days of over $1 billion in inflows.
• Ethereum spot ETFs are also surging, with a cumulative net inflow of $7.49 billion in recent weeks.
• ETFs now represent over 6.5% of Bitcoin’s total market capitalization, indicating growing market significance.

12 Consecutive Days Of Inflows

On Friday, spot Bitcoin ETFs recorded a net inflow of $363 million, marking the twelfth straight day of net positive inflows. This sustained streak underlines strong demand from institutional and retail investors alike.

Spot Bitcoin ETFs See 12-day Inflow Streak

Source: SoSoValue

BlackRock Leads The Charge

Leading the inflows was BlackRock’s iShares Bitcoin Trust (IBIT), which added nearly $496.75 million in assets on Friday alone. This surge further solidified IBIT’s position as the largest spot Bitcoin ETF, with assets soaring to $86.5 billion.

IBIT’s dominance is a testament to BlackRock’s influence in the ETF space and the growing acceptance of Bitcoin among traditional asset managers.

Other Bitcoin ETFs See Mixed Flows

• Fidelity’s Bitcoin ETF (FBTC) experienced a minor outflow of $17.94 million.
• Grayscale Bitcoin Trust (GBTC), despite managing $21.45 billion in assets, saw a larger outflow of $81.29 million.
• Ark’s Bitcoin Strategy ETF (ARKB) recorded a net outflow of $33.61 million.
• Grayscale’s Bitcoin ETF remained stable, managing $5.37 billion without any net inflow or outflow.

On this day, the total traded value across spot Bitcoin ETFs was approximately $4.62 billion.

Record-Breaking 12-Day Net Inflow Of $6.6 Billion

The past 12 days have seen a cumulative net inflow of roughly $6.62 billion into spot Bitcoin ETFs, a remarkable run for the sector.

Largest Daily Inflows

• July 10: The largest single-day inflow of $1.18 billion.
• July 11: Another strong day with $1.03 billion in net inflows.

This marked the first time spot Bitcoin ETFs recorded over $1 billion in inflows for two consecutive days, highlighting unprecedented investor enthusiasm.

Other significant inflows occurred on:

• July 16th: $799.40 million
• July 3rd: $601.94 million

The smallest inflow during this period was on July 8th, with $80.08 million.

Cumulative Market Impact

To date, the total cumulative net inflow into spot Bitcoin ETFs has reached an impressive $54.75 billion, contributing to a total AUM of $152.4 billion.

This figure represents approximately 6.51% of Bitcoin’s total market capitalization, underscoring how ETFs are becoming an increasingly significant channel for Bitcoin investment.

Spot Ether ETFs Also Gain Traction

It’s not just Bitcoin ETFs that are gaining momentum. Spot Ethereum ETFs have also attracted substantial capital in recent weeks.

On Friday, spot Ether ETFs saw a net inflow of $402.50 million, pushing total net inflows over the past 11 days to $7.49 billion.

Total Ethereum Spot ETF History

Source: SoSoValue

Ether ETF Inflow Highlights

• July 16th: Ether ETFs experienced a record net inflow of $726.74 million, the highest daily gain since their launch.
• July 17th: Strong follow-up inflows of $602.02 million.

The growing interest in Ether ETFs highlights investor appetite for diversified crypto exposure beyond Bitcoin.

FAQ

What is a Bitcoin ETF?

A Bitcoin ETF (Exchange-Traded Fund) is a fund traded on stock exchanges that tracks the price of Bitcoin. Spot Bitcoin ETFs directly hold Bitcoin, while futures-based ETFs invest in Bitcoin derivatives.

How do spot Bitcoin ETFs differ from futures Bitcoin ETFs?

Spot Bitcoin ETFs hold the actual cryptocurrency, providing direct exposure to Bitcoin’s price movements. Futures ETFs invest in contracts based on Bitcoin’s future price, which can lead to tracking discrepancies.

Why are spot Bitcoin ETFs popular now?

Spot Bitcoin ETFs offer regulated, convenient access to Bitcoin, attracting investors who want exposure without managing wallets or exchanges. Recent regulatory approvals and institutional interest have fueled inflows.

Who are the major players in the Bitcoin ETF market?

BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Bitcoin ETF (FBTC), Grayscale’s Bitcoin Trust (GBTC), and Ark’s Bitcoin Strategy ETF (ARKB) are some of the leading products.

What is the impact of Bitcoin ETFs on Bitcoin’s market?

Bitcoin ETFs increase institutional adoption and liquidity, potentially reducing price volatility and making Bitcoin more accessible to mainstream investors.