Bitcoin ETFs Surpass $1 Billion in Inflows Over Last 3 Trading Days

By: Isha Das

Recent data reveal that spot Bitcoin ETFs in the United States have experienced unprecedented inflows, amassing over $1 billion across just three trading days. This meteoric rise highlights significant investor interest and confidence in the crypto market, particularly in Bitcoin ETFs. BlackRock's IBIT ETF led the charge with substantial contributions, underscoring its dominant position.

Data from external sources show that on July 12, 15, and 16, 2024, the total inflows surpassed $1.032 billion, with zero outflows during this period. This surge is further evidenced by detailed daily inflows for various ETFs. On July 12, inflows composed $339.1 million, dominated by BlackRock's IBIT ETF with $120 million. Other significant contributions came from the Fidelity Wise Origin Bitcoin Fund (FBTC) at $115.1 million and Bitwise Bitcoin ETF (BITB) at $28.4 million.

Continuing this trend, July 15 saw total inflows of $300.9 million. BlackRock's IBIT and ARK 21Shares Bitcoin ETF (ARKB) were notable contributors, each adding $117.2 million. FBTC followed closely with $36.1 million in inflows. Smaller yet significant contributions were made by BITB, BTCO, EZBC, BRRR, and HODL ETFs.

July 16 marked the peak of this trend, with inflows reaching a remarkable $422.5 million. BlackRock's IBIT ETF again took the lead with $260.2 million, followed by FBTC at $61.1 million and ARKB at $29.8 million. HODL also registered significant inflows of $22 million, while smaller contributions were recorded from BITB, BTCO, EZBC, and BRRR ETFs.

This period underscores a robust resurgence in Bitcoin ETF investments, particularly spotlighting BlackRock's IBIT, ARK 21Shares, and Fidelity ETFs as major beneficiaries. Investors seem increasingly attracted to these products, reflecting a broader trend of confidence in Bitcoin's market potential.