After a rough week leading up to Bitcoin's halving event, spot Bitcoin exchange-traded funds (ETFs) in the United States bounced back with another day of net inflows on Monday, marking a positive turn in investor sentiment.
Spot Bitcoin ETFs See Continued Inflows Following Pre-Hallowing Turbulence
According to the data, spot Bitcoin ETFs recorded total net inflows of over $62 million, while Fidelity Wise Origin Bitcoin Fund led the way with a significant single-day net inflow of $34.83 million.
The ARK 21Shares Bitcoin ETF follows closely behind, recording net inflows of over $22.5 million, while the iShares Bitcoin Trust saw net inflows of $19.65 million.
However, Grayscale Bitcoin Trust experienced the largest single-day net outflow with approximately $35 million outflow from the product. Despite this, spot Bitcoin ETFs traded in the US have received a total of $12.38 billion in net inflows since their listing.
BlackRock's IBIT ETF continued its impressive streak of daily inflows on Monday, marking its 70th consecutive day of net inflows.
With a market share of approximately 54% among spot Bitcoin ETFs, IBIT remains one of the best-performing ETFs in terms of investor interest.
The durability of spot Bitcoin ETFs comes amid ongoing market volatility and uncertainty surrounding Bitcoin's post-halving price.
Currently trading just above $66,200, Bitcoin's price remains a key factor driving investor sentiment and ETF inflows.
*This is not investment advice.