Eleven U.S. spot Bitcoin exchange-traded funds (ETFs) reported net daily inflows of $42.267 billion on Tuesday, the largest since June 5, extending the positive inflow streak to eight days.
BlackRock’s IBIT led the way with $260.23 million, its largest net inflow since June 6. data At SoSoValue, IBIT recorded a trading volume of around $1.02 billion on Tuesday.
Fidelity’s FBTC followed with $61.05 million in inflows, followed by Ark Invest and 21Shares’ ARKB with $29.85 million and VanEck’s HODL with $22.04 million.
Spot Bitcoin funds from Invesco and Galaxy Digital recorded net inflows of $20.54 million, while Bitwise’s BITB reported $17.34 million. Bitcoin Bitcoin
+2.83%
Meanwhile, Grayscale’s Convertible GBTC fund had zero inflows. No funds reported net outflows on Tuesday.
A total of $1.76 billion worth of U.S. spot bitcoin funds traded on Tuesday. The ETF has amassed a total of $16.53 billion in net inflows since its launch in January.
Meanwhile, according to The Block’s Bitcoin price page, the price of Bitcoin has risen 1.61% over the past 24 hours to trade at $65,865. The world’s largest cryptocurrency has briefly Peaking above $66,000 Early this morning.
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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 was previously a reporter at Forkast.News, where he actively covered the downfalls 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 of Arts in Journalism and Business Marketing from the University of Hong Kong.