BlackRock's IBIT draws $260M as Bitcoin ETFs notch 8th day of inflows

United States spot Bitcoin ETFs notched $422.5 million of net inflows on Tuesday, marking their strongest trading day in more than a month.

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BlackRock’s iShares Bitcoin Trust gathered $260 million from Bitcoin investors on July 16, contributing more than half of all net inflows into spot Bitcoin ETFs on the day. 

It marked the eighth consecutive day of positive net inflows for United States spot Bitcoin (BTC) ETFs, reaching $422.5 million and is the best-performing day since June 5, according to data from Farside Investors.

The Fidelity Wise Origin Bitcoin Fund tallied the second most inflows among US spot Bitcoin ETF issuers at $61.1 million, followed by the ARK 21Shares Bitcoin ETF in third place with $29.8 million.

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