On Thursday, the 11-spot bitcoin ETFs in the United States recorded net inflows of $11.80 million, therefore extending the good run for three days. Since Tuesday’s net inflows of $31 million, the pace has dropped even with ongoing inflows.
Data from SosoValue shows Bitwise’s BITB topped the pack of inflows yesterday by bringing in $8 million, followed by Fidelity’s FBTC reporting net inflows near $7 million. With net inflows of $3.6 million, the most since mid-May, the spot bitcoin ETF from Franklin Templeton noted.
On Thursday, Ark Invest and 21Shares had ARKB valued at $1.84 million, while Invesco and Galaxy Digital’s BTCO recorded net inflows of $3 million.
The GBTC of Grayscale, valued at $11.5 million, had the sole net outflows. Though it traded $520 million on Thursday, BlackRock’s IBIT, the biggest spot bitcoin ETF in terms of net asset value, recorded its fifth consecutive day of zero flows.
Zero flows for the day were also recorded from VanEck, Valkyrie, WisdomTree, and Hashdex’s remaining funds. By submitting an application for a Solana ETF on Thursday and with the token price skyrocketing by roughly 10%, VanEck surprised the crypto scene.
On Thursday, the daily trade volume for the 11 bitcoin funds was about $920 million, much less than their March peak of almost $10 billion. Since their January launch, the ETFs have attracted $14.45 billion in overall net inflow.
The price of bitcoin slid 1% during the past 24 hours to $61,520 at the time of publication.
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