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The Bitcoin spot ETF had a net inflow of $1.24 billion last week, achieving net inflows for 11 consecutive trading days

The Bitcoin spot ETF had a net inflow of $1.24 billion last week, achieving net inflows for 11 consecutive trading days

Bitget2024/07/22 14:41

According to SoSoValue data, during the trading week last week (Eastern Time July 15th to July 19th), Bitcoin spot ETF had a net inflow of $1.24 billion for the week, achieving net inflows for 11 consecutive trading days, with a single-day net inflow of $427 million on July 19th. Among them, Grayscale's ETF GBTC had a weekly net outflow of $56.12 million and currently has a historical total net outflow of $18.694 billion. The Bitcoin spot ETF with the highest weekly net inflow was BlackRock's ETF IBIT, which had a weekly net inflow of $707 million and currently has an accumulated total historical net inflow reaching $18.968 billion. This is followed by Fidelity's FBTC ETF with a weekly influx of $244 million and its current total historic influx stands at approximately $9.963 billion.

As of press time, the NAV (Net Asset Value) for Bitcoin Spot ETFs stood at about USD$60.927 Billion; their Net Asset Ratio (Market value as compared to Total Market Cap) reached up to 4.61%, while their cumulative historic influx amounted up to around USD$17 Billion.

It should be noted that due to some trading day data not being updated in time on official channels last week or possibly affected by global Windows system failures, Ark’s AKRB bitcoin ETF did not have accurate figures available but this information has now been updated.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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