Bitcoin ETFs End 12-Day Inflow Streak Friday, Ether ETFs Continue Robust Activity

Spot Bitcoin ETFs experienced a net inflow of $363 million on Friday, marking Friday as the twelfth consecutive trading day of net inflows, sustained by strong investor interest.

BlackRock Leads Inflows, Grayscale Sees Outflow

Among the top Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with a net addition of $496.75 million. IBIT maintained its position as the largest spot BTC ETF with $86.50 billion in assets.

Fidelity’s Bitcoin ETF (FBTC) reversed earlier gains slightly, finishing the day with a net outflow of $17.94 million, while Grayscale’s Bitcoin Trust (GBTC) saw the largest outflow of the day at $81.29 million, despite holding $21.45 billion in assets. Ark’s Bitcoin Strategy ETF (ARKB) also posted an outflow of $33.61 million.

Grayscale’s Bitcoin ETF maintained its asset level unchanged at $5.37 billion. The total value traded for all Bitcoin ETFs reached approximately $4.62 billion during the day.

Related: The rise of ETFs challenges Bitcoin’s self-custody roots

$6.6B Over 12 Days: Bitcoin ETF Performance Highlights

Spot Bitcoin ETFs garnered an aggregate net inflow of approximately $6.62 billion throughout the preceding 12-day inflow period. July 10 registered the largest single-day inflow for spot BTC ETFs, recording $1.18 billion, followed by July 11 with $1.03 billion – the first occurrence of consecutive billion-dollar inflow days for these products.

Notable inflows also occurred on July 16 ($799.40 million) and July 3 ($601.94 million). Although net inflows were noted daily during this span, they were smallest on July 8 at $80.08 million.

The cumulative net inflow into spot Bitcoin ETFs now stands at $54.75 billion. Total net assets under management have reached $152.40 billion, representing approximately 6.51% of Bitcoin’s market capitalization.

Related: Bitcoin ETF inflows show institutions ‘doubled down’ on BTC at $116K

Spot Ether ETFs See Continued Strong Performance

Ethereum spot ETFs logged a net inflow of $402.50 million on Friday, adding to their cumulative total net inflow over the past two weeks, which stands at $7.49 billion.

During its current 11-day period of inflows, July 16 marked the peak for Ether ETFs with a record $726.74 million net inflow, setting the highest daily gain since they launched. July 17 also saw significant inflows of $602.02 million into these funds.

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