Monday, September 16, 2024

Bitcoin ETFs surpass $1 billion in inflows over final 3 buying and selling days

Spot Bitcoin ETFs within the US have recorded substantial inflows over the previous three buying and selling days, amassing over $1 billion, with important contributions to BlackRock’s IBIT ETF. Information from Farside Buyers reveals that, on July 12, 15, and 16, 2024, the full inflows amounted to $1.032 billion with zero outflows throughout the board.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC DEFI Whole ($m)
July 12, 2024 120.0 115.1 28.4 13.0 4.0 0.0 0.0 6.6 0.0 23.0 0.0 310.1
July 15, 2024 117.2 36.1 15.2 117.2 7.9 3.7 0.0 3.6 0.0 0.0 0.0 300.9
July 16, 2024 260.2 61.1 17.3 29.8 20.5 9.4 2.2 22.0 0.0 0.0 0.0 422.5

On July 12, the full influx was $339.1 million, led by BlackRock’s IBIT ETF with $120 million, Constancy Clever Origin Bitcoin Fund (FBTC) with $115.1 million, and Bitwise Bitcoin ETF (BITB) with $28.4 million. Different ETFs akin to ARK 21Shares Bitcoin ETF (ARKB), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), CoinShares Valkyrie Bitcoin Fund (BRRR), HODL, and BTCW additionally contributed positively.

On July 15, the full influx was $300.9 million. BlackRock’s IBIT and Ark’s ARKB shared the highest spot with $117.2 million every, adopted by FBTC with $36.1 million. Different ETFs akin to BITB, BTCO, EZBC, BRRR, and HODL added to the full with optimistic inflows.

On July 16, inflows surged to $422.5 million, with BlackRock’s IBIT once more main at $260.2 million. ARKB noticed $29.8 million, FBTC $61.1 million, and HODL $22 million. Smaller inflows have been famous in Bitwise Bitcoin ETF (BITB), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and CoinShares Valkyrie Bitcoin Fund (BRRR).

This era displays heightened investor curiosity and confidence in Bitcoin ETFs, with BlackRock’s IBIT, ARK 21Shares, and Constancy constantly receiving important inflows.

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