U.S. spot bitcoin exchange-traded funds (ETFs) registered a robust net inflow of $78.93 million on Thursday, marking the fifth consecutive day of positive flows. According to data from SoSoValue, BlackRock’s IBIT, the largest spot bitcoin ETF by net asset value, led the inflows with $72.09 million. The fund also topped the charts as the most traded bitcoin ETF on Wednesday, with a trading volume of $725.61 million. Fidelity’s FBTC followed with net inflows of $32.69 million.
Bitwise’s spot bitcoin fund attracted $7.53 million in inflows, while Ark Invest and 21Shares’ ETF added $4.31 million. In contrast, Grayscale’s GBTC saw net outflows amounting to $37.69 million on Wednesday. Six other funds, including VanEck’s HODL, reported no flows for the day.
Overall, U.S. spot bitcoin ETFs traded a total value of $1.31 billion on July 11. However, this volume remains notably lower compared to March when daily trading surpassed $8 billion. Since their launch in January, these ETFs have accumulated a total net inflow of $15.5 billion.
Meanwhile, U.S. issuers are eagerly anticipating Securities and Exchange Commission approval for their amended registration statements on spot Ethereum ETFs. Issuers have revised their S-1 statements following SEC feedback, expecting further guidance from the agency on the impending launch.