Record-Breaking Bitcoin ETF Inflows Hit $130 Million in a Single Day

• Investor interest in U.S. spot Bitcoin exchange-traded funds (ETFs) surged significantly on Monday, totaling $129.45 million in net inflows.
• This notable inflow marks the fifth consecutive day of positive net flows and represents the largest purchase volume since June 7.
• The combined trading volume for these 11 Bitcoin funds reached approximately $1.36 billion on Monday.

U.S. spot Bitcoin ETFs witness record inflows amid renewed investor enthusiasm, reaching $129.45 million in a single day.

Major Inflows into U.S. Spot Bitcoin ETFs Total $130 Million in Three Weeks

Fidelity’s FBTC led the inflows with a notable $65 million, closely followed by Bitwise’s BITB, which recorded net inflows of $41 million.

Smaller Funds Also See Modest Inflows

Ark Invest and 21Shares’ ARKB ETF witnessed a net inflow of $13 million. Meanwhile, Invesco, Galaxy Digital, VanEck, and Franklin Templeton’s funds each reported relatively smaller inflows, averaging around $5 million.

Funds Leading the Market in Terms of Net Asset Value See No Inflows

Interestingly, the largest two spot Bitcoin ETFs by net asset value, BlackRock’s IBIT and Grayscale’s GBTC, did not see any inflows on Monday.

Performance and Market Trend Analysis

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Analysts at QCP Capital highlighted in their Monday report that both Bitcoin and Ethereum have historically shown seasonal strength in July, suggesting potential positive performance for the month.

Outlook for the Crypto Market

Coinbase analysts further emphasized the historically positive seasonal trend observed in July, proposing that the upcoming month could be favorable for the cryptocurrency market.

Conclusion

The significant inflows into U.S. spot Bitcoin ETFs on Monday underscore renewed investor confidence and enthusiasm. With major players like Fidelity and Bitwise leading the charge, the data suggests a strong potential for continued positive performance in the crypto market, particularly given historical seasonal trends. Investors are urged to stay informed and consider these developments in their investment strategies.