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