Spot Bitcoin ETFs Near $50B In Total Inflows After Bouncing Back With $1B Surge In Two Days
US Spot Bitcoin ETFs (exchange-traded funds) are nearing $50 billion in cumulative net inflows after resuming their positive flows streak with $1 billion inflows over the last 2 days. Data from Farside Investors shows the cumulative net inflows for the ETFs stands at $49.622 billion. This is after the funds’ multi-day inflow streak was interrupted with $342.2 million outflows on July 1. Spot Bitcoin ETFs See Over $1 Billion Inflows In 2 Days Following the outflows on July 1, the funds quickly resumed their trend at full force. The Farside Investors data shows that the spot Bitcoin ETFs collectively posted over $1 billion in net daily inflows over July 2 and July 3. On July 2, $407.8 million entered the funds. The following trading session, investors poured $601.8 million into the ETFs, their strongest net daily inflows since May 22. IBIT Generates More Fees For BlackRock Than Its S&P 500 ETF BlackRock’s IBIT, which has a commanding lead in terms of cu...