Bitcoin ETFs Record Over $301M in Inflows to Begin the Week on a Higher Note

Bitcoin ETFs have recently been making significant strides in terms of inflows, indicating the confidence of the market participants. As per Spot On Chain, a popular on-chain analytics provider, the net inflows of Bitcoin ETFs touched a significant mark of more than $301 million on July 15. The analytics provider took to social media to provide the details of Bitcoin ETF inflows.

🚨 $BTC #ETF Net Inflow July 15, 2024: +$301M!

• The net inflow remains positive for 7 consecutive trading days!

• #ARK (ARKB) achieved an inflow of over $100M again after 27 trading days.

• #BlackRock (IBIT) continued to have another big inflow of $117M.

• #Grayscale… pic.twitter.com/o7fwqEdHUU

— Spot On Chain (@spotonchain) July 16, 2024

Bitcoin ETFs Witness More than $301M in Net Inflow on July 15

In its exclusive X post, the firm noted that adding $301M in terms of inflows is a remarkable development. This reportedly denotes the 7^th continuous trading day seeing positive inflows. This highlights the sustained confidence and interest of investors in BTC ETFs. The ARKB ETF occupied the top position in this respect. It reportedly witnessed an inflow reaching about $100M once again following a pause for twenty-seven trading days.

This huge inflow signifies improved investor enthusiasm as well as a resilient market sentiment concerning ARK’s offering. Following that, BlackRock’s IBIT took the 2^nd position with net inflows of $117M. In the meantime, GBTC of Grayscale went through a break in inflows.

The Exchange-Traded Funds Reach a New ATH Inflow of $16.11B during 127 Days

Overall, the cumulative net inflow of the ten US BTC ETFs has touched a unique all-time high of up to $16.11B during 127 days. This landmark highlights the mounting institutional adoption and popularity of BTC ETFs. They are reportedly seeing an increase in their accessibility and reputation. The recent boost in Bitcoin’s price has also potentially contributed to this trend.