Bitcoin ETFs Register Their Best Performance in 48 Days

On Monday (July 22), US-based spot Bitcoin exchange traded products (ETFs) saw their highest inflows since June 4.

Farside reported that a total of $533.6 million flowed into spot BTC ETFs on Monday, marking the start of the third consecutive week in which these investment products have recorded positive inflows.

The majority of these inflows, amounting to $526.7 million, were attributable to BlackRock’s iShares Bitcoin Trust (IBIT).

Additionally, the Fidelity (FBTC), Invesco (BTCO) and Franklin Templeton (EZBC) funds saw inflows of $23.7 million, $13.7 million and $7.9 million, respectively.

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Despite upbeat market sentiment, VanEck’s ETF (HODL) saw outflows of $38.4 million. Other products, including BTCW, ARK,BRRR, GBTC and DEFI, remained neutral.

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.