Inflows into Spot Bitcoin ETFs Reach $479M

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On Monday, US spot Bitcoin exchange-traded funds reported their largest daily inflows in the past two weeks, with a total of $479.35 million being recorded.

The main contributor to these inflows was BlackRock’s IBIT, the biggest spot Bitcoin ETF in terms of net assets, which saw a total of $315.19 million in inflows on that day.

This brought the fund’s streak of positive flows to 11 days. Other spot Bitcoin ETFs, such as ARKB, FBTC, BITB, and BTC, also experienced inflows, with a total of $164.06 million combined.

The remaining seven ETFs did not see any flows. The overall trading volume for these 12 ETFs reached $3 billion on Monday, showing an increase from $2.9 billion on Friday.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.