Ramazan Eles 
Spot Bitcoin ETFs in the US have hit a new record for total net inflows, exceeding $15.8 billion according to data from SoSoValue. This comes after a six-day stretch of positive inflows that began on July 5th.
The recent surge in inflows has seen Bitcoin ETFs accumulate over $1 billion in additional assets under management. Friday marked the strongest day for inflows since early June, with a staggering $310 million entering spot Bitcoin ETFs.
BlackRock’s IBIT, the leading spot Bitcoin ETF by asset value, spearheaded the inflows, attracting $120 million on Friday. Fidelity’s FBTC followed closely with $115 million, while Grayscale’s GBTC, Bitwise’s BITB, and Ark Invest’s ARKB also saw significant inflows.
This latest inflow surge pushes the cumulative total to a record $15.81 billion, surpassing the previous high of $15.69 billion set in early June. However, it’s important to note that Bitcoin’s price has dipped considerably since then, falling roughly 17.5% from $71,500 to its current value around $58,900. Trading volume also reflects this decline, with only $1.15 billion traded on July 12th compared to over $2.5 billion on June 7th.
Despite the price dip, the record level of inflows suggests strong investor sentiment towards Bitcoin ETFs. A potential price recovery could see the total net asset value surpass its all-time high as well.
The crypto industry is also eagerly anticipating news on the launch of Spot Ethereum ETFs. After navigating regulatory hurdles with the SEC, these long-awaited funds could see their debut this month.
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