Bitcoin ETFs see fifth consecutive day of positive inflows, IBIT net $72.1m

Spot Bitcoin (BTC) ETFs in the U.S. recorded their fifth consecutive day of inflows on July 11, with $72.1 million in net inflows as Bitcoin surpassed the $59,000 mark.

According to data provided by Farside Investors, these investment products recorded $72.1 million in positive net flows on July 11. This follows a positive week that began with $143.1 million in capital inflows on July 5.

Leading the pack is BlackRock’s IBIT, which captured $72.1 million in inflows, pushing its total to an extraordinary $18.1 billion. Following next is Fidelity’s FBTC, which garnered $32.7 million, elevating its cumulative inflows to $9.6 billion.

Bitwise’s BITB and ARK’s ARKB also reported increases, with inflows of $7.5 million and $4.3 million, respectively, thereby enhancing their total inflows to $2.1 billion and $2.5 billion.

Contrarily, Grayscale’s GBTC experienced a withdrawal of $37.7 million, marking its total outflows at $18.7 billion, despite a brief inflow spike on July 8.

Other notable funds, such as Invesco Galaxy’s BTCO, Franklin Templeton’s EZBC, Valkyrie Bitcoin’s BRRR, VanEck’s HODL, and WisdomTree’s BTCW, saw no significant changes in their flow activities. Nevertheless, the overall landscape for Bitcoin ETFs remains robust, with cumulative inflows standing at $15.5 billion, according to Farside Investors’ data.