Bitcoin ETFs Extend Positive Streak with $300 Million Inflows

Spot Bitcoin ETF investors pour millions into different funds as BTC flashes bullish signals.

Guy flying over the city with ETF balloons.
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  • Bitcoin ETFs have extended their positive streak to a seventh day.
  • The development followed Bitcoinโ€™s biggest jump in almost two months.
  • None of the 11 Bitcoin ETFs bled on Monday.

U.S-listed spot Bitcoin exchange-traded funds (ETFs) logged their seventh consecutive day of inflows on Monday, pulling hundreds of millions from investors.

The extended positive streak came as Bitcoin prices shot up nearly 10% to a two-week high of $63,000 on July 15 after Donald Trumpโ€™s defiant response to an assassination attempt spurred massive crypto gains.

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The crypto asset continued its rally to reclaim $65,000 early Tuesday before paring some of the gains to trade at $62,746 as of press time, CoinMarketCap data shows.  

Bitcoin ETF Flows on July 15

According to SoSoValue data, the 11 U.S.-based spot Bitcoin ETF products recorded a daily total net inflow of $301.04 million on July 15, about $10 million shy of the $310.21 million they pulled Friday last week.

BlackRockโ€™s IBIT, the largest spot Bitcoin ETF by net asset value, led the dayโ€™s inflows with $117.25 million. IBIT was the most traded, accounting for over half the $2.26 billion trading volume logged by all 11 funds.

Ark Investโ€™s ARK followed closely with $117.19 million inflows as Fidelityโ€™s FBTC, Bitwiseโ€™s BITB, Invescoโ€™s BTCO, and Franklin Templetonโ€™s EZBC attracted $36.15 million, $15.24 million, $7.93 million, and $3.69 million, respectively.

VanEckโ€™s HODL added $3.6 million while the remaining funds posted zero flows on Monday, including Grayscaleโ€™s GBTC, Valkyrieโ€™s BRRR, Wisdom Treeโ€™s BTCW, and Hashdexโ€™s DEFI.

The cumulative net inflow of the 11 spot Bitcoin ETF products since they started trading in January reached $16.11 billion as of July 15, underscoring growing investor interest in the underlying crypto asset.  

Read about BlackRock CEOโ€™s reversed stance on Bitcoin:
BlackRock CEO Reverses on Bitcoin: โ€˜I Look at It as Digital Goldโ€™

Stay updated on Trumpโ€™s planned fundraiser at Bitcoin Conference:
Trump Backers Seek to Raise $15M at Bitcoin Conference in Nashville

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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