The net inflows of Bitcoin exchange-traded funds are making significant progress. As per SpotOnChain, the well-known on-chain analytics provider, the inflows of Bitcoin ETFs reached the $310M spot on the 12th of July. This figure denotes the top single-day inflow during the recent twenty-five trading days. Another notable thing is that there was not a single day with negative flows this week. This indicates resilient interest and optimistic sentiment concerning Bitcoin. The analytics provider took to social media to provide details. One day earlier, the inflows were worth $79M.
Bitcoin ETFs See Net Inflows of $310M Worth on July 12
In its latest X post, SpotOnChain noted that the cumulative inflow into BTC ETFs this week reached a huge amount. It reportedly touched $1.05B during these seven days. In addition to this, none of the respective seven days saw any outflow. Such a consistent inflow points toward a resilient demand as well as a spiking institutional interest in BTC for investment.
In the case of individual inflows, BlackRock saw the biggest inflow of up to $120M. This substantial investment brings to the front the ETF’s prestigious status among investors. Following this, Fidelity occupies the 2nd spot with a massive inflow of approximately $115 million. This further demonstrates the competitive field among the prominent financial entities in the BTC ETF market.
Grayscale Adds $23M in Inflows after 3-Day Outflows
Moreover, Grayscale saw an inflow of almost $23 million following recording outflows for 3 days consecutively. This reversal implies renewed confidence among the investors in the offering of Grayscale. The total inflow of the ten US BTC ETFs has reportedly touched an extraordinary $15.81B following 126 days of trading.
