BlackRock’s IBIT and Grayscale’s GBTC, the two largest spot Bitcoin ETFs by net asset value, saw zero flows on Monday.
The spot Bitcoin exchange-traded fund (ETF) market in the United States recorded a significant daily inflow of $129.45 million, marking the fifth consecutive day of inflows.
Spot Bitcoin (BTC) ETFs in the United States were approved by the Securities and Exchange Commission on Jan. 10 and started trading on Jan. 11. In the first couple of months, major ETF issuers saw some of the biggest inflows and trading volume, barring Grayscale’s GBTC, which has either seen zero flows or significant outflows since day 1.
The $129.45 million inflow on July 1 is also the highest inflow into ETFs since June 7. As BTC ETF inflows turned positive, the BTC price reclaimed $63,000 after nearly three weeks of struggling to overcome the key resistance at $62,000.
