11 spot Bitcoin ETFs in the US reported a combined net inflow of $301 million, extending their positive streak for a seventh consecutive day.
BlackRock’s IBIT, the largest spot Bitcoin ETF by net asset value, led the way with a net inflow of $117.25 million, according to SoSoValue data. The fund also became the most traded Bitcoin ETF on Monday with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB followed closely with a net inflow of $117.19 million.
Fidelity’s FBTC saw $36.15 million in net inflows, and Bitwise’s BITB received $15.24 million on Monday. Funds from VanEck, Invesco, Galaxy Digital, and Franklin Templeton also reported net inflows yesterday.
Grayscale’s GBTC, along with ETFs from Valkyrie, WisdomTree, and Hashdex, experienced zero inflows on Monday.
A total of $2.26 billion was traded across US spot Bitcoin funds on Monday. The trading volume in spot Bitcoin ETFs remains lower compared to March, when volumes surpassed $8 billion on some days. However, the ETFs have accumulated a total net inflow of $16.11 billion since their launch in January.
Bitcoin recovered quickly and climbed above $64,000. The leading cryptocurrency is currently trading at $64,770 as of this writing.
BlackRock co-founder and CEO Larry Fink stated in an interview with CNBC on Monday that Bitcoin has become a “legitimate financial asset” and admitted his previous skepticism towards the cryptocurrency was misplaced.
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.