Bitcoin ETFs Inflows Show Strong Investor Confidence

Following Bitcoin's price surge to over $60,000 on July 14 and subsequent strong performance through July 16, investors in BTC ETFs appear to be maintaining their confidence in the asset.

At the time of writing, BTC was trading at around $63,220, having briefly broken $65,000 on Binance in the early hours of the day.

On Friday, July 12, U.S.-based spot Bitcoin ETFs saw inflows of $310.1 million, their best result since June 5. For the entire week beginning July 8 and ending July 12, inflows totaled about $1.047 billion.

Investor momentum and faith doesn’t seem to be waning, as on Monday (July 15) these ETFs realized a total of $300.9 billion in inflows.

According to Farside, the majority of those inflows were directed to BlackRock’s ETF (IBIT) and the ARK 21Shares Bitcoin ETF (ARKB), which saw equal amounts – $117.2 million.

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They were followed by the Fidelity Wise Origin Bitcoin Fund (FBTC), which registered $36.1 million.

VanEck’s ETF (HODL) and that of Invesco (BTCO) also saw inflows, but much more modest, registering $3.6 million and $7.9 million, respectively.

Alexander Stefanov