Bitcoin ETFs See Record Inflows Amid Market Renewal

Spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced a substantial surge on July 12, with inflows exceeding $310 million—the highest since June 5.

Leading this influx were BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC), attracting $120.03 million and $115.14 million, respectively, according to SoSoValue. The Bitwise Bitcoin ETF (BITB) followed, bringing in $28.42 million, while the Grayscale Bitcoin Trust (GBTC) saw a rare inflow of $23.01 million. Additional inflows were recorded by the VanEck Bitcoin Trust ETF (HODL) and Invesco Galaxy Bitcoin ETF (BTCO) with $6.56 million and $4.03 million, respectively. In contrast, ETFs from Hashdex, Franklin Templeton, Valkyrie, and WisdomTree did not report any inflows on the same day.

The inflows on July 12 marked the largest since June 5, when spot Bitcoin ETFs accumulated slightly over $488 million, with no outflows recorded during that period.

Additionally, data from HODL15Capital indicates that U.S.-based spot Bitcoin ETFs now hold an all-time high of 888,607 BTC. According to Farside Investors, the recent activity has propelled total inflows since the week’s start to $1.04 billion. Since their inception earlier this year, spot Bitcoin ETFs have garnered nearly $16 billion in net inflows. This includes over $18.6 billion outflow from GBTC since its transition to a spot ETF six months ago. Despite these outflows, the Grayscale Bitcoin Trust remains the second-largest ETF by net assets, with approximately $15.73 billion in Bitcoin.

The record inflows have influenced the cryptocurrency’s price, which, at the time of writing, was trading at $58,543, up 2.4% from the previous 24 hours. However, this price increase coincided with reduced trading volumes, with $21.76 billion worth of Bitcoin traded in the last 24 hours, a 23.29% decrease from the prior day.

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