James Richardson
On Monday, U.S. spot bitcoin ETFs saw their largest net inflows since June 4, totaling $555.8 million. Of the twelve spot bitcoin ETFs, ten reported net inflows, while none recorded any outflows.
Fidelityโs FBTC led the charge with $239.25 million in inflows, according to data from SoSoValue. Bitwiseโs BITB followed, bringing in $100 million. BlackRockโs IBIT, the largest spot BTC ETF by net assets, saw $79.5 million in inflows, and Ark & 21Sharesโ ARKB recorded nearly $70 million. Additionally, Grayscaleโs GBTC attracted over $37 million in inflows.
Other bitcoin ETFs from VanEck, Valkyrie, Invesco, Franklin Templeton, and Grayscaleโs mini trust saw smaller inflows. Meanwhile, WisdomTree and Hashdexโs spot bitcoin ETFs had no inflows on Monday.
The twelve spot bitcoin funds traded $2.61 billion in value that day, the highest since August 23, with BlackRockโs IBIT accounting for $1.67 billion of that total. Since their launch in January, these funds have collectively brought in $19.36 billion in net inflows. Nate Geraci, president of ETF Store, commented on X, โNow approaching $20 billion net inflows in 10 months. Simply ridiculous & blows away every pre-launch demand estimate.โ
Positive Momentum for Ether ETFs
Spot ether ETFs also experienced positive momentum on Monday, with net inflows of $17.07 million, marking the most significant flow for the month. BlackRockโs IBIT led with $14.31 million, followed by $1.31 million in Fidelityโs FETH. Invescoโs QETH and 21Sharesโ CETH also saw inflows.
Total trading volume for U.S. spot ethereum ETFs reached $210.40 million. However, since their launch, these ETFs have experienced a cumulative net outflow of $541.82 million.
Bitcoin saw a 1.40% increase in the past 24 hours, reaching $65,660, while Ether gained 2.91%, trading at $2,616.
