Inflows to US Bitcoin ETFs Decline

After the U.S.-based spot Bitcoin ETFs recorded two trading days with a higher net income of $200 million this week, they continued the positive streak on July 11, but more modestly.

Registering $295 million on July 8, $216 million the day after and $147 million on July 10, yesterday all-U.S. ETFs attracted just $78.9 million.

On July 11, BlackRock’s ETF, the iShares Bitcoin Trust, attracted $72.1 million, and Fidelity’s Wise Origin Bitcoin Fund followed with $32.7 million.

Bitwise’s BITB ranked third with inflows of just $7.5 million. In total, all U.S. spot Bitcoin exchange-traded funds attracted $78.9 million on the day.

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Although the last four trading days saw positive overall results – Grayscale Bitcoin Trust (GBTC) again registered outflows of $37.7 million.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.