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Spot Bitcoin (BTC) exchange-traded funds (ETFs) observed a substantial increase on July 12, with inflows exceeding $310 million—the highest since June 5.
BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led the inflows, bringing in $120.03 million and $115.14 million respectively, according to information from SoSoValue. The Bitwise Bitcoin ETF (BITB) followed with $28.42 million, and the Grayscale Bitcoin Trust (GBTC) experienced an inflow of $23.01 million.
The VanEck Bitcoin Trust ETF (HODL) and Invesco Galaxy Bitcoin ETF (BTCO) recorded additional inflows of $6.56 million and $4.03 million, respectively. However, ETFs from Hashdex, Franklin Templeton, Valkyrie, and WisdomTree did not register any inflows on the same day.
The July 12 results represent the largest inflow since June 5, when spot Bitcoin ETFs amassed just over $488 million. Notably, there was no day with an outflow at that time.
Additionally, according to ETF market watcher HODL15Capital, U.S.-based spot Bitcoin ETFs now hold an all-time high amount of BTC at 888,607 coins.
New all-time high of 888,607 BTC held by the U.S. ETFs
Per data from Farside Investors, the recent activity brings the total inflows since the start of the week to $1.04 billion. Since their launch at the beginning of the year, spot Bitcoin ETFs have accumulated nearly $16 billion in net inflows.
Interestingly, this tally includes more than $18.6 billion that has flowed out of GBTC since it transitioned into a spot ETF 6 months ago. Despite the outflows, the Grayscale Bitcoin product remains the second-largest ETF by net assets, holding about $15.73 billion worth of Bitcoins.
News of the record spot Bitcoin ETF inflows appears to have affected the price of the cryptocurrency, which at the time of writing was trading at $58,543, 2.4% higher than its level from 24 hours ago.
However, the price increase came amid reduced trading volumes, with about $21.76 billion worth of Bitcoin traded in the last 24 hours, a 23.29% decrease from the previous day.
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