The U.S. spot Bitcoin exchange-traded fund (ETF) reported another day of total net inflows on Monday, reaching $241.12 million. This was the sixth straight day of inflows and the longest positive streak the fund has seen since mid-March.
Ark Invest and 21Shares’ spot Bitcoin ETFs added $68 million worth of funds, followed by BlackRock’s IBIT, which saw net inflows of $66 million. data From SoSoValue. Fidelity’s FBTC saw net inflows of $64 million, while Bitwise’s spot ETFs saw inflows of $28 million.
Grayscale’s GBTC, which had mostly shown net outflow until recently, recorded a net inflow worth $9 million. WisdomTree’s BTCW fund added $5 million.
Over the past six days, 11 spot Bitcoin ETFs have seen net inflows totaling over $1.18 billion. This brings the total cumulative net inflow since January to $12.87 billion. Nonetheless, overall flows across the 11 ETFs remain well below their March peaks. The Block’s data dashboard showed it
Meanwhile, the price is Bitcoin rises 6.35% According to The Block’s pricing page, it hit more than $71,000 in the last 24 hours. Bloomberg ETF analysts Eric Balchunas and James Seyffart said the U.S. Securities and Exchange Commission is likely to approve a spot ether ETF. Increased from 25% to 75%.
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About the author
Danny Park is The Block’s East Asia reporter, writing about topics including Web3 development and cryptocurrency regulation in the region. He previously worked as a reporter for Forkast.News, where he actively covered the fall of Terra-Luna and FTX. Based in Seoul, Danny previously produced written and video content for media companies in Korea, Hong Kong, and China. He holds a Bachelor’s degree in Journalism and Business Marketing from the University of Hong Kong.