Bitcoin Spot ETF Sees $769.5 Million Net Inflow Led by BlackRock and Fidelity in July 2024

According to data from Farside Investors on July 5, the US Bitcoin spot ETF market experienced a substantial net inflow totaling US$769.5 million this week. Leading the inflows, BlackRock’s IBIT attracted $336.8 million, followed by Fidelity’s FBTC with $248.4 million. Bitwise’s BITB and ARK’s ARKB also saw significant capital injections of $57.4 million and $160 million, respectively. Other notable inflows included Invesco BTCO at $9.9 million, Franklin EZBC with $9.5 million, and VanEck HODL contributing $10.1 million. Despite these gains, Grayscale’s GBTC experienced a net outflow of $84.9 million, while its Mini BTC product recorded a positive inflow of $22.3 million. This data underscores the ongoing investor appetite for diversified Bitcoin exposure through ETFs, reflecting a robust institutional interest in the crypto asset class.

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