According to The Block: 11 U.S. Bitcoin spot ETFs recorded nearly $79 million in net inflows on Thursday.
Among them, BlackRock's IBIT led the way with a net inflow of US$72.09 million.
U.S. Bitcoin spot ETFs recorded daily net inflows totaling $78.93 million on Thursday, marking the fifth consecutive day of positive trends.
IBIT, the largest Bitcoin spot ETF by net asset value, recorded the largest net inflow of the day with $72.09 million in net inflows. The fund was also the most traded Bitcoin ETF on Wednesday, with a trading volume of $725.61 million. Fidelity’s FBTC recorded a net inflow of $32.69 million.
Bitwise’s bitcoin spot fund also attracted $7.53 million in inflows, while ETFs from Ark Invest and 21Shares added $4.31 million.
Wednesday’s inflows were offset by a $37.69 million net outflow from GBTC by GRESCO. Six other funds, including VanEck’s HODL, reported zero flows yesterday.
On July 11, the total trading volume of US Bitcoin spot ETFs reached $1.31 billion. In comparison, the trading volume in March exceeded $8 billion several times, and it is still significantly lower than then. Since its launch in January, these ETFs have accumulated a net inflow of $15.5 billion.
Meanwhile, U.S. issuers are still waiting for the U.S. Securities and Exchange Commission (SEC) to approve their latest revised registration statements for Ethereum spot ETFs. While issuers have revised the S-1 statement for Ethereum funds based on the SEC’s feedback, one issuer told The Block that they expect the next news from the SEC to be very informative about the highly anticipated launch.