US Spot Bitcoin Exchange Traded Funds (ETFs) Support Bitcoin's Rise! Positive Streak Extends to 7 Days! Here Are the Details

U.S. spot Bitcoin exchange-traded funds (ETFs) extended their winning streak to a seventh day on Monday, drawing $591.3 million in net inflows even as Bitcoin prices remained steady above $94,000. US Spot Bitcoin ETFs Record $591 Million Net Inflows as BTC Holds Above $94,000 BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF by net assets, was the only fund to record net inflows among its peers, with a massive inflow of $970.9 million, according to SoSoValue data. Other major ETFs including Ark and 21Shares’ ARKB, Fidelity’s FBTC, Grayscale’s GBTC, Bitwise’s BITB, and VanEck’s HODL all saw net outflows. Specifically, ARKB saw $226.3 million in outflows, while FBTC saw $86.9 million in outflows from the fund. Despite the heavy inflows into IBIT, total trading volume across 12 spot Bitcoin ETFs fell from $3.3 billion on Friday to $2.4 billion on Monday. However, cumulative net inflows into these ETFs now stand at $39.02 billion. Bitcoin itself remained resilient amid the ETF activity, trading at $94,659 after briefly breaking above $95,000 early Monday, according to price data from The Block, up 0.2% over the past 24 hours. The sustained momentum follows last week’s impressive $3 billion in spot Bitcoin ETF inflows, the highest weekly since November 2024, underscoring strong investor appetite for Bitcoin exposure via regulated products. Meanwhile, spot Ethereum ETFs also posted positive figures, attracting $64.1 million in net inflows and marking the third consecutive day of gains. The consistent inflows underscore growing institutional interest in cryptocurrencies even amid broader market uncertainty and tightening monetary conditions. *This is not investment advice. Continue Reading: US Spot Bitcoin Exchange Traded Funds (ETFs) Support Bitcoin's Rise! Positive Streak Extends to 7 Days! Here Are the Details