Bitcoin ETFs in US Registered Their Best Result Since June 5
On Friday, July 12, U.S.-based spot Bitcoin exchange traded funds (ETFs) registered inflows of $310.1 million, their best day since June 5 and for the entire week.
According to Farside, the majority of these inflows were directed to BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), which saw $120 million and $115.1 million, respectively.
They were followed by Bitwise’s ETF, which registered $28.4 million, while Grayscale Bitcoin Trust (GBTC) experienced only its second day of positive results throughout the week with an inflow of $23 million.
VanEck’s ETF HODL and Invesco’s BTCO also saw inflows, but much more modest, registering $6 million and $4 million, respectively.
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Here’s Who to Blame for Bitcoin’s Decline Except Germany and Mt.GoxThe Franklin Templeton-issued (EZBC), Hashdex (DEFI), Valkyrie and WisdomTree (BTCW) funds, however, did not register any inflows that day. Total inflows for the entire seven-day period beginning July 8 and ending July 12 amounted to about $1.047 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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