NEW YORK, July 13, 2024 — On July 12, U.S.-based spot Bitcoin exchange-traded funds (ETFs) recorded their highest inflows since June 5, totaling over $310 million. BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led the inflows, with $120 million and $115.1 million, respectively, according to Farside Investors data.

The Bitwise Bitcoin ETF followed with $28.4 million in inflows, while the Grayscale Bitcoin Trust saw a rare inflow of $23 million. The VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF added $6 million and $4 million, respectively. However, spot Bitcoin ETFs from Hashdex, Franklin Templeton, Valkyrie, and WisdomTree did not record any inflows.

This surge in inflows, the largest since June 5's $488.1 million, brings the total inflows to $1.04 billion since July 8. Spot Bitcoin ETFs have accumulated $15.8 billion in net inflows since their launch just over six months ago, despite $18.6 billion in outflows from Grayscale's flagship Bitcoin product, which was converted into spot form following SEC approval in January. The Hashdex Bitcoin ETF is the only other spot Bitcoin ETF with a net outflow, though it is relatively small at $2 million.

Bitcoin is currently trading at $57,858, reflecting a 1.1% increase over the past 24 hours but a nearly 15% decline over the last month and 21% below its all-time high.

Looking ahead, some spot Bitcoin ETF issuers are preparing to launch spot Ether ETFs, potentially as early as July 15. These issuers are awaiting SEC approval on their amended S-1 registration statements after receiving initial feedback in late June.

After a six-day streak of positive net inflows starting July 5, U.S.-based spot bitcoin exchange-traded funds (ETFs) have set a new record with cumulative net inflows of $15.81 billion, according to SoSoValue data. During this period, the funds have added over $1 billion in assets under management. The latest trading day, Friday, saw the highest net inflows since June 5, with $310 million added to spot bitcoin ETFs.

BlackRock's IBIT, the largest spot bitcoin ETF by asset value, led the inflows with $120 million on Friday. Fidelity's FBTC followed with $115 million, while Grayscale's GBTC, Bitwise's BITB, and Ark Invest's ARKB contributed to the remaining inflows, as reported by SoSoValue.

The cumulative net total inflow of $15.81 billion surpasses the previous record of $15.69 billion set on June 7, 2024.