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.

READ MORE:

Here’s Who to Blame for Bitcoin’s Decline Except Germany and Mt.Gox

The 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.

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.