According to Farside Investors’ data monitoring, the net inflow for US Bitcoin spot ETFs reached $383 million yesterday. This substantial movement highlights the growing interest and investment in Bitcoin ETFs. While ARK’s ARKB data remains unreleased, other significant ETFs provide a clear picture of current trends.
BlackRock’s IBIT experienced a notable net inflow of $116 million, reinforcing its strong market presence. Fidelity’s FBTC led the pack with an inflow of $141 million, showcasing its appeal to investors. BitWise’s BITB contributed significantly with $44.6 million, and VanEck’s HODL added $41.8 million. Grayscale’s GBTC, although lower, still saw an inflow of $20.3 million.
Despite the comprehensive data from other ETFs, ARK’s ARKB data was unavailable yesterday. The specific reason remains unclear, and Farside Investors are committed to following up as soon as the ARKB data is released. This missing information does not diminish the overall significant inflows reported.
ETH vs BTC: Will Ethereum Outperform Bitcoin After ETF Launch?From January 1, 2024, to July 1, 2024, the cumulative net flow of Bitcoin spot ETFs saw significant growth, nearing $40,000 million by the end of the period. BlackRock’s ETF, depicted in black, showed the largest cumulative flow, rising consistently throughout the period. Grayscale, represented in gray, started with a negative flow but moved into positive territory by mid-April, continuing to rise thereafter.
VanEck and ARK’s ETFs, shown in green and blue respectively, also contributed significantly to the cumulative flow. VanEck’s growth was steady, while ARK showed a more gradual increase. Other ETFs like Hashdex, Wisdomtree, Valkyrie, Franklin, Invesco, Bitwise, and Fidelity showed smaller but noticeable contributions. Hashdex (light blue) and Wisdomtree (purple) had notable increases towards the end of the period.
