Tanju Akbıyık 
Spot Bitcoin exchange traded funds (ETFs) in the US recorded a total net inflow of $ 555.8 million on Monday. This stands out as the largest net flow recorded since 4 June. Ten of the twelve spot Bitcoin ETFs reported net inflows, while no net outflows were observed.
Fidelity’s FBTC ETF was the leader of these flows with a net inflow of $ 239.25 million on Monday. Bitwise’s BITB fund ranked second with a net inflow of $ 100 million. BlackRock’s IBIT, as the largest spot Bitcoin ETF by net assets, achieved a net inflow of $ 79.5 million. Ark and 21Shares’ ARKB fund also recorded an increase of nearly $70 million. Grayscale’s GBTC fund also attracted attention with a net inflow of more than $ 37 million.
Other spot Bitcoin funds such as VanEck, Valkyrie, Invesco and Franklin Templeton recorded smaller net inflows, while WisdomTree and Hashdex’s spot Bitcoin ETFs faced zero flows throughout the day. This shows that a cautious approach prevails among market participants.
On Monday, twelve spot Bitcoin funds saw a trading value of over $2.61 billion, representing the highest level since 23 August. BlackRock’s IBIT fund accounted for $1.67 billion of this volume. Since their launch in January, total net inflows have reached $19.36 billion.
Nate Geraci, president of ETF Store, said on the X platform, ‘Net inflows approaching $ 20 billion [in 10 months],’ and evaluated this situation as ‘Completely absurd and upsetting every pre-launch demand forecast.’
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.