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		<title>US Spot Bitcoin ETFs See Largest Inflows in Three Weeks, Surging $130 Million</title>
		<link>https://coinengineer.net/blog/us-spot-bitcoin-etfs-see-largest-inflows-in-three-weeks-surging-130-million/</link>
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		<pubDate>Tue, 02 Jul 2024 20:00:22 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[ark invest]]></category>
		<category><![CDATA[bitcoin etf]]></category>
		<category><![CDATA[bitcoin price]]></category>
		<category><![CDATA[cryptocurrency]]></category>
		<category><![CDATA[Fidelity]]></category>
		<category><![CDATA[grayscale]]></category>
		<category><![CDATA[Investment Inflows]]></category>
		<category><![CDATA[spot bitcoin etf]]></category>
		<guid isPermaLink="false">https://coinengineer.io/?p=24165</guid>

					<description><![CDATA[<p>U.S. spot Bitcoin exchange-traded funds (ETFs) are experiencing a surge in investor interest, with a combined net inflow of $129.45 million on Monday, July 1st. This marks the fifth consecutive day of positive inflows and the largest single-day influx since June 7th, according to data from SosoValue. Fidelity&#8217;s Wise Origin Bitcoin Trust (FBTC) led the</p>
<p>The post <a href="https://coinengineer.net/blog/us-spot-bitcoin-etfs-see-largest-inflows-in-three-weeks-surging-130-million/">US Spot Bitcoin ETFs See Largest Inflows in Three Weeks, Surging $130 Million</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>U.S. spot Bitcoin exchange-traded funds (ETFs) are experiencing a surge in investor interest, with a combined net inflow of $129.45 million on Monday, July 1st. This marks the fifth consecutive day of positive inflows and the largest single-day influx since June 7th, according to data from SosoValue.</p>
<p>Fidelity&#8217;s Wise Origin <a href="https://coinengineer.net/blog/bitcoin-price-poised-for-summer-rally-as-analysts-predict-july-bull-run/">Bitcoin</a> Trust (FBTC) led the pack with $65 million in inflows, followed by Bitwise Bitcoin ETF (BITB) at $41 million. Ark Invest&#8217;s ARK Innovation ETF (ARKB), which also provides exposure to Bitcoin, reported $13 million in net inflows.</p>
<p>Invesco, Galaxy Digital, VanEck, and Franklin Templeton all saw minor inflows of around or under $5 million each. Interestingly, BlackRock&#8217;s iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), the two largest spot Bitcoin ETFs by net asset value, did not record any inflows on Monday.</p>
<p>The combined trading volume for all 11 Bitcoin ETFs reached $1.36 billion on Monday. Since their launch in January, these ETFs have accumulated a significant net inflow of $14.65 billion.</p>
<p>Despite the positive news for Bitcoin ETFs, the price of Bitcoin itself dipped slightly (0.3%) in the past 24 hours, sitting at $63,094 at the time of writing (according to The Block). While it has recovered from its recent low point below $60,000 last week, Bitcoin remains considerably lower than its price peak of over $71,000 in early June.</p>
<p>Analysts at QCP Capital and Coinbase both highlight a historical trend of Bitcoin and Ethereum performing better in July, suggesting potential for a price increase in the coming month.</p>
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<p>The post <a href="https://coinengineer.net/blog/us-spot-bitcoin-etfs-see-largest-inflows-in-three-weeks-surging-130-million/">US Spot Bitcoin ETFs See Largest Inflows in Three Weeks, Surging $130 Million</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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