Bitcoin Forum

US Spot Bitcoin ETFs See Second Day of Inflows, Amassing $294.9 Million

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows.

Blackrock’s IBIT Dominates With $187.21 Million

Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the trading session. These inflows follow the $143 million accumulated on Friday, July 5. Blackrock’s Bitcoin Trust (IBIT) led the pack, attracting $187.21 million in inflows. This boost brings IBIT’s reserves to 310,470.32 BTC, valued at $17.83 billion, according to sosovalue.xyz stats.

Fidelity’s FBTC garnered $61.54 million, while Grayscale’s GBTC secured $25.08 million. Bitwise’s BITB drew in $11.05 million, and Ark Invest and 21shares’ fund ARKB managed to collect $8.44 million. Lastly, Vaneck’s HODL acquired $1.59 million during Monday’s sessions. None of the other ETFs saw outflows nor inflows as BTCO, BRRR, DEFI, EZBC, and BTCW all saw neutral days.

The latest inflows into U.S. spot bitcoin ETFs highlight increasing investor confidence in bitcoin (BTC) after the recent downturn. Blackrock’s leading position, along with substantial investments in other funds such as Fidelity’s FBTC and Grayscale’s GBTC, underscores a competitive and swiftly evolving market landscape. While there have been occasional outflows, U.S. spot bitcoin ETFs have set records this year.

Source: https://news.bitcoin.com/us-spot-bitcoin-etfs-see-second-day-of-inflows-amassing-294-9-million/

I am always surprised when I read things like “increased investor confidence” and the like. How well have people done who’ve had confidence all along?  Very well. And why is it taking so long for others to see it?