Bitcoin ETFs in the US record their longest streak of inflows – DiarioBitcoin
By Hannah Perez
American spot Bitcoin ETFs have seen 18 continuous days of daily capital inflows, the longest streak in their history. They have not yet broken the record for daily entry volume of USD $1 billion.
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- US Bitcoin Spot ETFs Secure New Record High
- They saw the longest streak of inflows in their history: 18 continuous days of capital inflows
- They have not yet managed to surpass their maximum inflows from March of USD $1 billion
Five months after their debut on the US stock exchanges, the exchange-traded funds (ETFs) of Bitcoin in the US have achieved a new record in terms of revenue.
The 11 ETFs based on Bitcoin cash closed the Thursday session with a net daily capital inflow worth USD $217.7 million, which marked the 18th consecutive day of positive flows for the group and longest streak of daily entries in historyas shown by the data from SoSoValue.
According to estimates, this has resulted in an accumulation of tickets worth approximately $3.8 billion over the past four weeks for the group.
Investment products with direct exposure to Bitcoin They had a remarkable performance during their first days of trading when in February, shortly after their debut, they accumulated a streak of entries of seventeen consecutive days.
After that, the inflow trend remained largely intact until mid-March, with only two separate days of capital outflows for the group. During that time, ETFs Bitcoin in cash achieved another record: their highest daily inflow of just over USD $1 billion on March 12, a milestone that coincided with an all-time price high for Bitcoin.
While the fund cohort hasn’t achieved another day of similar inflow volume, it came very close to the record this week, when on Tuesday the group saw nearly $900 million in combined inflows.
ETFs Bitcoin in cash they secure a new record
IBIT, the ETF of Bitcoin in cash BlackRock, took the lead on Thursday, with a net capital flow of USD $350 million, surpassing all rivals by a huge advantage. Only two other funds, those managed by Fidelity and VanEcksaw daily entries yesterday, although less than USD $4 million in each case.
It is worth noting that the product of BlackRock also continues to be crowned as the largest ETF in Bitcoin of both the local and international market, with holdings amounting to USD $21 billion.
Meanwhile, ARKB of Ark Invest recorded net outflows of almost $97 million. GBTC Grayscale and BITB of Bitwise They followed in positive flows on the day, with losses of USD $37.6 million and USD $3.1 million, respectively. The five ETFs Bitcoin remaining spot prices, including BTCO of Invescodid not register flows on Thursday.
The combined inflows figures for the group appear to show signs of renewed investor interest following a revenue slowdown seen in April.
In total, since launching in January, the ETFs Bitcoin US spot markets have seen cumulative net capital inflows of $15.56 billion, a figure now on the rise, according to the same data source.
Bitcoin over USD $70,000
The last streak of entries occurs when Bitcoin reconquers the key price area of USD $70,000.
The main cryptocurrency by market capitalization was momentarily close to USD $72,000 in the morning hours of this Friday before correcting downwards. At the time of publication, BTC is around $71,300 with a loss of 0.19% in the last 24 hours and a gain of just over 4.3% for the week.
Article by Hannah Estefanía Pérez / DailyBitcoin
Edited image of Unsplash
WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.
