On Monday, U.S. Bitcoin ETFs kicked off the week with strong momentum, led by BlackRock’s IBIT fund, which saw impressive inflows of $92.68 million. This solid performance sets a hopeful tone for the week ahead, especially with Bitcoin prices showing significant gains. Fidelity’s FBTC fund also contributed to the positive start, adding $3.87 million in inflows, according to SoSoValue.
These inflows come at a time when Bitcoin’s price has been on the rise, jumping 2% in just an hour earlier today and securing a 4% gain over the last 24 hours. As of now, Bitcoin is trading at $60,897, according to CoinMarketCap.
However, not all funds had a positive day. Bitwise’s BITB fund experienced outflows totaling $25.72 million, while Invesco’s BTCO fund saw $8.84 million leave the fund. Despite these outflows, the total net inflows for Monday stood at a solid $61.98 million, indicating a strong start to the week for Bitcoin ETFs.
Several other funds, including Grayscale’s GBTC and BTC funds, Franklin Templeton’s EZBC, ARKB, VanEck, Valkyrie, and WisdomTree, did not record any inflows or outflows on Monday.
Last Friday, we saw the Bitcoin ETFs ending the week with Bitcoin ETFs recording net gains of $32.57 million, led by BlackRock’s IBIT and Fidelity, who had $71.06 million and $82.11 million respectively coming in.
As we continue to track these daily movements, it’s clear that while some funds are gaining ground, others are facing challenges. Keep an eye on the market as the week unfolds to see how these trends develop.
Keep following us at HowToBuyBitcoin.org for the latest counts on Bitcoin ETF inflows, as well as the latest news on Bitcoin.