Bitcoin Spot ETF Sees Seventh Consecutive Day of Net Inflows

IconCryptoNewsTerminal Staff15 Jul, 2024

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Bitcoin Spot ETF Sees Seventh Consecutive Day of Net Inflows

Bitcoin Spot ETF Sees $293 Million Net Inflow, Extending Streak to Seven Days According to crypto analyst HODL15Capital (@HODL15Capital), the US Bitcoin Spot ETF received a net inflow of $293 million on July 15 (local time). This marks the seventh consecutive trading day of net inflows into the fund. Several major Bitcoin Spot ETFs saw significant inflows, including Blackrock's IBIT ($117 million), Fidelity's FBTC ($36 million), Ark 21Shares' ARKB ($117 million), Bitwise's BITB ($15 million), VanEck's HODL ($4 million), and Franklin Templeton's EZBC ($4 million). No net inflows were recorded for the remaining ETFs in the market. The sustained inflows into Bitcoin Spot ETFs suggest continued institutional interest in the cryptocurrency. These funds offer investors exposure to the underlying asset without the complexities of holding and managing Bitcoin directly.

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