Data from Farside Investors shows that US Bitcoin spot exchange-traded funds (ETFs) have surpassed $17 billion in total net inflows.
According to the data, BlackRock’s IBIT has been the biggest contributor to this growth, with $18.968 billion in net inflows. Fidelity’s FBTC has also made a significant contribution, with $9.962 billion in net inflows.
However, not all funds have seen positive inflows. Grayscale’s GBTC experienced a large net outflow of $18.694 billion, indicating a change in investor preferences in the Bitcoin ETF market.
On July 17, the 11 US spot Bitcoin ETFs recorded a total daily net inflow of $53.35 million, continuing a nine-day streak of positive inflows. This figure, while positive, represents a decrease from the $422 million net inflow observed on July 16.
Meanwhile, BlackRock’s IBIT continued to lead, with the highest net inflows of $110.37 million and a trading volume of $1.21 billion. Fidelity’s FBTC was the only other fund to report net inflows on July 17, adding $2.83 million.
Grayscale’s GBTC and Bitwise’s BITB faced net outflows of $53.86 million and $6 million, respectively. Seven other funds, including ARK Invest and 21Shares’ ARKB, reported no flows for the day.
Also Read: BlackRock’s Bitcoin ETF Records $260M Inflows on July 16
The total trade volume for US spot Bitcoin funds on July 17 was $1.79 billion, significantly lower than March’s peak when daily volumes exceeded $8 billion.
As of the CoinMarketCap, Bitcoin is priced at $67,150, a 0.74% increase in the last 24 hours.
