Spot Bitcoin exchange-traded funds (ETFs) saw $301 million in inflows on Monday as the leading cryptocurrency continues to maintain its bullish momentum.
According to data from SoSoValue, BlackRock’s IBIT, the largest by net asset value, led the pack with $117.25 million in net inflows, accompanied by Ark Invest and 21Shares’ ARKB closely following at $117.19 million.
Among other notable contributors, Fidelity’s FBTC saw $36.15 million in net inflows, while Bitwise’s BITB recorded $15.24 million.
ETFs from VanEck, Invesco, Galaxy Digital, and Franklin Templeton also reported positive net inflows.
However, Grayscale’s GBTC and ETFs from Valkyrie, WisdomTree, and Hashdex recorded no net flows for the day.
In total, the trading volume for U.S. spot Bitcoin funds reached $2.26 billion on Monday, although it remains lower than the peak volumes seen in March, which often exceeded $8 billion per day.
Since their launch in January, these ETFs have collectively accumulated net inflows amounting to $16.11 billion, underscoring growing investor interest in Bitcoin amid its price recovery.
Speaking of price, Bitcoin surged above $64,000 and is currently trading at $63,400.
Matteo Greco, Research Analyst at Fineqia International, noted that the past week has been particularly bullish for Bitcoin.
The cryptocurrency ended the week at around $60,800, marking an 8.8% increase from the previous week’s close.
This rise was supported by consistent daily net inflows into BTC Spot ETFs, which exceeded $1 billion for the week, with Friday alone seeing a high of $310 million in inflows.
Greco highlighted that Fidelity’s FBTC surpassed $10 billion in assets under management (AUM), joining BlackRock’s IBIT and Grayscale’s GBTC in this milestone.
Collective
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