U.S. Bitcoin ETFs Surge with Nearly $480 Million in Inflows, Led by BlackRock’s IBIT

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a significant influx of $479.35 million in net inflows on Monday, marking the largest daily increase in two weeks.

Leading this surge was BlackRock’s IBIT, the top spot Bitcoin ETF by assets, which attracted $315.19 million, extending its inflow streak to 11 consecutive days.

Ark and 21Shares’ ARKB brought in $59.78 million, while Fidelity’s FBTC gained $44.12 million. Additionally, Bitwise’s BITB and Grayscale’s BTC saw inflows of $38.67 million and $21.59 million, respectively.

However, seven other spot Bitcoin ETFs recorded no inflows at all. Overall, the daily trading volume for these 12 ETFs rose to $3 billion, an increase from $2.9 billion on Friday.

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In contrast, spot Ethereum ETFs faced $1.14 million in net outflows on Monday, down from $19.16 million on Friday. Grayscale’s ETHE experienced the most significant outflow, with $8.44 million leaving the fund.

This was somewhat countered by inflows into Fidelity’s FETH ($5.02 million) and BlackRock’s ETHA ($2.28 million), indicating a shift in investor preference. The overall trading volume for these nine Ethereum ETFs slightly decreased to $187.49 million from $189.88 million on Friday.

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.