U.S. Spot Bitcoin ​ETF Achieves Record 18th Consecutive Day of Net Inflows

The U.S. spot Bitcoin exchange-traded fund (ETF) recorded its 18th consecutive day of net inflows on Thursday, its longest consecutive positive flow since listing.

The 11 funds had a total of $217.78 million in net inflows, with most of the inflows coming from BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets. IBIT said on Thursday it had recorded net inflows worth $350 million. data From SoSoValue. Fidelity and VanEck’s Bitcoin ETFs also saw net inflows, but much less than BlackRock’s.

Meanwhile, Ark Invest’s ARKB recorded net outflows of $96.6 million, one of the largest outflows from an ETF. Grayscale’s converted GBTC reported a net outflow of $37.5 million, while Bitwise’s BITB reported a net outflow of $3 million. The remaining five spot Bitcoin ETFs, including Invesco’s BTCO, had zero flows on Thursday.

With the latest string of net inflows, 11 spot Bitcoin ​​ETFs have seen a total of $15.56 billion in net inflows since their inception in January. Flow volumes appear to have recovered from the stalemate in April and May, but are still below their peak in March, according to The Block’s data dashboard.

value of bitcoin It has grown by 0.24% in the last 24 hours, surpassing $71,000 at the time of publication.

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