@kemplinruffin
Fidelity’s FBTC absorbed $23.72 million, pushing its reserves past the 180K BTC milestone. Currently, FBTC holds about 180,689.31 BTC, worth over $12 billion. Invesco’s and Galaxy’s BTCO fund saw inflows of around $13.65 million, while Franklin Templeton’s EZBC added $7.87 million on Monday.
Vaneck’s HODL was the only fund with outflows on July 22, losing $38.37 million during trading. GBTC, BITB, ARKB, BRRR, BTCW, and DEFI had neutral days with no recorded inflows or outflows. To date, the total net inflow from all 11 spot bitcoin ETFs has reached $17.59 billion. Collectively, these funds manage $62.14 billion in net assets, representing 4.63% of BTC’s market cap. The influx of funds ahead of the spot ether ETFs launch indicates strong investor confidence in cryptocurrency ETFs.
The recent momentum in spot bitcoin ETFs reflects a broader trend of growing institutional interest in the crypto market throughout 2024.
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