Yahya 
With a daily net inflow of $301 million, the 11 spot Bitcoin exchange-traded funds (ETFs) in the United States continued their good run to a seventh straight day.
Major Inflows and Trading Volumes
With $117.25 million, BlackRock’s IBIT, the biggest spot Bitcoin ETF by net asset value, saw the most net inflows of the day according to SoSo Value data. With a volume of $1.24 billion, the fund also ranked as the most traded Bitcoin ETF Monday. With net inflows of $117.19 million, Ark Invest and 21 Shares closely followed.
On Monday, Bitwise’s BITB showed $15.24 million worth of inflows while Fidelity’s Facebook TC saw net flows of $36.15 million. Net flows yesterday also reported by funds from VanEck, Invesco, Galaxy Digital, and Franklin Templeton.
On Monday Grayscale’s GBTC reported zero transactions as well as ETFs from Valkyrie, WisdomTree, and Hashdex.
Monday’s trading value on the U.S. spot Bitcoin funds came to $2.26 billion overall. While the volume on some days approached $8 billion, the trading activity in spot Bitcoin ETFs remained less than in March. Since their January inception, the ETFs have attracted $16.11 billion overall net inflow.
Bitcoin’s Legitimacy and Future Prospects
In a Monday CNBC interview, BlackRock co-founder and CEO Larry Fink declared that Bitcoin has evolved into a “legitimate financial instrument” therefore correcting his earlier dubious opinions on the cryptocurrency.
Spot Ether ETFs, which will probably debut on July 23, will create even more buzz in the crypto scene.
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