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Bitcoin ETFs See Record $300M Inflows

BlackRock's IBIT leads Bitcoin ETF inflows as the market recovers. Bitcoin's price is gaining traction, with many predicting a surge.
Bitcoin ETFs See Record $300M Inflows

On July 15, BlackRock's IBIT was the most traded Bitcoin ETF, with inflows totaling $117.25M. U.S. spot Bitcoin ETFs had a $301M net inflows, marking seven days of gains. All ETFs had positive flows.

According to SoSoValue data, BlackRock's IBIT increased by $117.25M inflows and a trading volume of $1.24B. Ark Invest and 21Shares' ARKB followed with $117.19 million.

Fidelity's FBTC made $36.15M. Bitwise's BITB raised $15.24M. VanEck's HODL, Invesco, and Galaxy Digital's BTCO, and Franklin Templeton's EZBC all experienced net inflows. Grayscale's GBTC, along with Valkyrie's BRRR, WisdomTree's BTCW, and Hashdex's DEFI, did not have any flows.

Total trading volume was $2.26B, down from March highs. Since January, Bitcoin ETFs have generated over $16.11B.

Bitcoin's price fell earlier owing to Mt. Gox and German BTC sales concerns, then recovered. Bitcoin is at around $63,500 — with many anticipating hectic trading in the coming weeks.

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