{"id":24980,"date":"2024-07-14T19:00:48","date_gmt":"2024-07-14T16:00:48","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24980"},"modified":"2024-07-14T10:03:14","modified_gmt":"2024-07-14T07:03:14","slug":"spot-bitcoin-etfs-record-310-million-inflows-on-july-12","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-record-310-million-inflows-on-july-12\/","title":{"rendered":"Spot Bitcoin ETFs Record $310 Million Inflows on July 12"},"content":{"rendered":"<p>On July 12, United States-based spot <strong>Bitcoin exchange-traded funds (ETFs)<\/strong> saw notable inflows of nearly $310 million, the best-performance day since June 5.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-record-310-million-inflows-on-july-12\/#Record-Breaking_Inflows_for_Major_ETFs\" title=\"Record-Breaking Inflows for Major ETFs\">Record-Breaking Inflows for Major ETFs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-record-310-million-inflows-on-july-12\/#Weekly_Performance_and_Market_Impact\" title=\"Weekly Performance and Market Impact\">Weekly Performance and Market Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-record-310-million-inflows-on-july-12\/#Market_Sentiment_and_Future_Prospects\" title=\"Market Sentiment and Future Prospects\">Market Sentiment and Future Prospects<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Record-Breaking_Inflows_for_Major_ETFs\"><\/span>Record-Breaking Inflows for Major ETFs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Farside<\/strong> <strong>Investors<\/strong> data indicates <strong>BlackRock&#8217;s iShares Bitcoin Trust (IBIT)<\/strong> and the <strong>Fidelity Wise Origin Bitcoin Fund (FBTC)<\/strong> lead the inflows with $120 million and $115.1 million respectively. With $28.4 million the Bitwise Bitcoin ETF trailed; the <strong>Grayscale Bitcoin Trust (GBTC)<\/strong> had a rare inflow day of $23 million. Furthermore mentioned were inflows of $6 million and $4 million respectively from the VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-24981 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/etf.webp\" alt=\"etfs\" width=\"805\" height=\"479\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/etf.webp 805w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/etf-300x179.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/etf-768x457.webp 768w\" sizes=\"auto, (max-width: 805px) 100vw, 805px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Weekly_Performance_and_Market_Impact\"><\/span>Weekly Performance and Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With<strong> spot Bitcoin ET<\/strong>F issuers registering $488.1 million, the total inflows on July 12 amounted to the highest flow day since June 5. For the spot Bitcoin ETFs, this fresh flood drove the weekly total to $1.04 billion. These ETFs have attracted $15.8 billion in net inflows since their introduction just over six months ago. This number includes almost $18.6 billion in withdrawals from Grayscale&#8217;s flagship Bitcoin product, which was spot form converted after US Securities and Exchange Commission (SEC) permission in January. Though it is somewhat little at $2 million, the only other spot Bitcoin ETF with a net outflow is the Hashdex Bitcoin ETF (DEFI).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Sentiment_and_Future_Prospects\"><\/span>Market Sentiment and Future Prospects<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Based on CoinGecko statistics, Bitcoin&#8217;s price has witnessed a 1.1% rise over the last 24 hours and now trades at $57,8ishi. Still, it is down around 15% over the last month and is over 21% away from its all-time high.<\/p>\n<p>Meanwhile, several of these <strong>Bitcoin ETF<\/strong> issuers are getting ready to introduce spot Ether ETFs, which may open as early as next week, said Nate Geraci, President of The ETF Store. These issuers submitted revised S-1 registration statements and got early comments late last month; final approval from the SEC is still pending.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On July 12, United States-based spot Bitcoin exchange-traded funds (ETFs) saw notable inflows of nearly $310 million, the best-performance day since June 5. Record-Breaking Inflows for Major ETFs Farside Investors data indicates BlackRock&#8217;s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) lead the inflows with $120 million and $115.1 million respectively.<\/p>\n","protected":false},"author":6,"featured_media":8826,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[61,534,5862,7367,7368,3695],"class_list":["post-24980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitcoin","tag-bitcoin-etf","tag-blackrocks-ishares-bitcoin-trust-ibit","tag-fidelity-wise-origin-bitcoin-fund-fbtc","tag-grayscale-bitcoin-trust-gbtc","tag-spot-bitcoin-etfs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spot Bitcoin ETFs Record $310 Million Inflows on July 12 - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/spot-bitcoin-etfs-record-310-million-inflows-on-july-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spot Bitcoin ETFs Record $310 Million Inflows on July 12 - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On July 12, United States-based spot Bitcoin exchange-traded funds (ETFs) saw notable inflows of nearly $310 million, the best-performance day since June 5. 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