U.S.-based spot Bitcoin exchange-traded funds (ETFs) have achieved a new milestone with cumulative total net inflows reaching $15.81 billion, following a six-day streak of positive net inflows that began on July 5, according to SoSoValue data. During this period, the funds added over $1 billion in assets under management, with Friday marking the most successful day for net inflows since June 5, logging $310 million.
The recent inflows were largely driven by BlackRock’s IBIT, the largest spot Bitcoin ETF by asset value, which added $120 million on Friday. Fidelity’s FBTC followed closely with $115 million in inflows. Grayscale’s GBTC, Bitwise’s BITB, and Ark Invest’s ARKB funds comprised the majority of the remaining inflows.
The cumulative net total inflow of $15.81 billion represents the highest recorded for these funds, narrowly surpassing the previous record of $15.69 billion set on June 7, 2024. Despite this, Bitcoin’s price has fallen approximately 17.5% from $71,500 on June 7 to around $58,900 at the time of publication, according to The Block’s Bitcoin price page. The total trading volume on July 12 was $1.15 billion, significantly lower than the $2.5 billion traded on June 7.
Although the current total net asset value of the ETFs is lower than its all-time high, the level of net inflows remains at a record high. This suggests that a recovery in Bitcoin’s price could potentially surpass previous records. Meanwhile, the crypto industry is eagerly anticipating updates on spot Ethereum ETFs. Industry experts note that after several rounds of discussions with the SEC, these funds may be readying for launch this month.