Bitcoin ETFs in the US Slow Down Their Inflows
26.07.2024 15:00 1 min. read Kosta Gushterov
After U.S.-based spot Bitcoin exchange traded funds (ETFs) saw their highest inflows since June 4 on Monday (July 22), momentum slowed toward the end of the week.
Farside reported that spot BTC ETFs received a total of $31.1 million on July 25.
While the results are positive, they are well down from the $485.9 million raised on Monday.
Reportedly, only BlackRock’s iShares Bitcoin Trust (IBIT) recorded inflows equivalent to $70.7 million, while almost all other funds recorded neutral performance.
The exception was Greyscale’s GBTC, which again recorded outflows of $39.6 million.
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