US Spot Bitcoin ETFs Are Moving! Investment Giant BlackRock’s Spot Bitcoin ETF Sees Its Largest Net Inflow Since Mid-March!

Largest spot by net asset value Bitcoin an exchange-traded fund (ETF) BlackRock’ın IBIT’i, It reported a significant net inflow of $526.7 million on Monday, marking the fund’s largest single-day inflow since March 13.

BlackRock’s Spot Bitcoin ETF Sees Its Biggest Net Inflow Since Mid-March, $527 Million

According to SoSoValue data, ten U.S. spot Bitcoin ETFs, excluding Bitwise’s BITB, saw a total of $533.57 million in net inflows yesterday. Following IBIT, Fidelity’s FBTC saw $23.72 million, Invesco and Galaxy Digital’s BTCO saw $13.65 million, and Franklin Templeton’s Bitcoin fund saw $7.87 million in net inflows.

In comparison, VanEck’s HODL fund saw net outflows of $38.37 million. Other funds, including Grayscale’s GBTC and Ark Invest and 21Shares’ ARKB, reported no significant changes to their flows for the day.

Since their approval in January of this year, spot Bitcoin ETFs have generated a total of $17.59 billion in net inflows, with a combined market value exceeding $62 billion.

In another major development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved registration forms for spot Ethereum ETFs from several issuers.

Senior Bloomberg ETF analyst Eric Balchunas previously predicted that Ethereum ETFs could attract 10% to 15% of the assets collected by spot Bitcoin ETFs.

Citigroup, meanwhile, estimated that these funds could accumulate between $4.7 billion and $5.4 billion in the first six months of trading.

The approval of spot Ethereum ETFs could pave the way for other altcoin-based ETFs like Solana. Issuers like 21Shares and VanEck have already filed forms for spot Solana ETFs, but market experts believe they are unlikely to be approved in the near term.

*This is not investment advice.