News

U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M

  • U.S. spot Bitcoin ETFs saw $105.12 million in net inflows on Monday.
  • Fidelity’s FBTC led with $77 million in inflows.
  • Cumulative net inflows for these ETFs now total $13.96 billion.

A net inflow of $105.12 million was recorded on Monday for exchange-traded funds (ETFs) that track spot Bitcoin in the US, maintaining their upward trend. For these financial instruments, there have been net inflows for the past 15 days.Inflows into the ETFs over this period have exceeded $2.28 billion.

Read CRYPTONEWSLAND on google news

Fidelity’s FBTC Leads the Pack

The leader was revealed as Fidelity’s FBTC, which received $77 million in inflows on Monday. In second place, Bitwise’s BITB brought in a net of $14 million, based on SoSoValue data. $11 million was added by the Ark Invest and 21 Shares ARKB ETF. 

There were no inflows into either of the two biggest spot bitcoin ETFs offered by BlackRock and Grayscale. Less than $2 million in inflows were reported for the spot ETFs offered by VanEck and WisdomTree.

Longest Streak Since January

The 17 days of net inflows that began in January are the longest positive run since the U.S. spot bitcoin ETFs launched, with the current 15-day streak being the second longest.

The cumulative total net inflows now stand at $13.96 billion. This sustained interest reflects the growing confidence and investment in bitcoin through regulated financial products.

The consistent inflows into U.S. spot Bitcoin ETFs demonstrate strong investor interest in and trust in the cryptocurrency sector. 

With donations from well-known companies like Bitwise and Fidelity, the trend demonstrates how Bitcoin is becoming more widely recognized and incorporated into conventional investment portfolios.

Read Also:

Ronny Mugendi

Ronny Mugendi is an expert crypto writer specializing in blockchain technology and digital finance. He delivers clear, insightful content that demystifies complex crypto topics for a wide audience. Ronny's work is known for its depth, accuracy, and engaging style.

Recent Posts

MoonBag Best Crypto Presale On Path To End The Reign of NEAR Protocol & Binance

Investors are cashing out of #Binance and #NearProtocol and flocking to #MoonBag #BestCryptoPresale in 2024,…

30 mins ago

Quant Goes Bearish: Seek Refuge in BlockDAG’s Promising 30,000x ROI as GameStop Stock Falls

Explore the volatile #cryptocurrencymarket, focusing on #GameStop and #Quant's dramatic changes. See how #BlockDAG's Directed…

45 mins ago

Hoskinson Slams US Crypto Policies, Calls for Strategic Voting

#CharlesHoskinson bashed #Biden over #crypto policies and has urged the community to vote wisely. #ADA…

2 hours ago

BlockDAG’s X1 App’s $3.4M Surge: Are BGB Token & RWA Crypto’s Days Numbered? Report Analysis

Explore the latest updates on #BGBToken and #RWACrypto with #BlockDAG's #X1Minerapp, which has revolutionized the…

3 hours ago

MoonBag’s Price is Projected to Reach $1 By 2025, Giving Tough Competition To Dogwifhat and Floki Inu

MoonBag Price is projected to hit $1 by 2025, outpacing #Dogwifhat and #FlokiInu. Discover why…

4 hours ago

BlockDAG: The Premier Crypto of Today, Transcending NEAR Protocol and Ethereum Classic with A Whopping $54.9M Presale

BlockDAG eclipses NEAR, ETC with a whopping $54.9M presale, setting new standards with its innovative…

5 hours ago