US spot Bitcoin exchange-traded funds (ETFs) saw a notable surge in investor inflows on Monday, totaling $129.45 million. This marks the fifth consecutive day of positive flows and the largest increase since June 7.
Fidelity’s FBTC led the pack with the highest inflow of $65 million, followed closely by Bitwise’s BITB with $41 million. Ark Invest and 21Shares’ ARKB recorded a combined net inflow of $13 million. In contrast, Invesco, Galaxy Digital, VanEck, and Franklin Templeton reported smaller inflows, each around or below $5 million.
Interestingly, the two largest spot Bitcoin ETFs by net asset value, BlackRock’s IBIT and Grayscale’s GBTC, did not see any inflows on Monday.
In total, the trading volume of these 11 Bitcoin funds reached approximately $1.36 billion on Monday alone. Since their launch in January, these ETFs have accumulated a total of $14.65 billion in net inflows.
According to QCP Capital analysts, both Bitcoin and Ethereum historically perform well in July due to positive seasonal trends. Similarly, Coinbase analysts highlighted July’s potential as a positive month for the cryptocurrency market.
*Note: This article does not provide investment advice.
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