The U.S. spot Bitcoin exchange-traded fund (ETF) enjoyed great success this month, attracting $2 billion in new capital.
This surge highlights Bitcoin's status as a leading digital asset that continues to appeal to both institutional and individual investors.
US Bitcoin ETF currently holds over 900,000 BTC
More than $2 billion has flowed into U.S.-traded spot Bitcoin ETFs since the beginning of July, according to market data from Farside Investors. Last week alone, 11 funds received cumulative net inflows of more than $1 billion , marking the third consecutive week of net inflows.
Notably, these ETFs have seen three inflows of more than $300 million this week, with the largest single-day inflow of $422.5 million on July 16th in the past six weeks.
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Additionally, net inflows reached a new milestone of $17 billion over six months, surpassing Bloomberg analysts' expectations of $15 billion over 12 months. Shubh Varma, co-founder and CEO of Hiblock Capital, emphasized the importance of these numbers in an interview with BeInCrypto, saying that these inflows signal strong market demand and a renewed surge in investor interest. I did.
“Interestingly, the majority of these inflows have occurred within the last 30 days, indicating a recent surge in investor interest. This shows that investor confidence and participation is increasing, which can drive prices and market capitalization higher, thereby boosting overall market growth,” says Varma.
These surprising inflows brought the total BTC held by US-listed ETFs to over 900,000 BTC, a record-breaking value of over $60 billion. Nate Geraci, head of ETF Store, reports that these holdings account for 4.3% of the total supply of BTC.
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As a result of analyzing the holdings, it was found that BlackRock's IBIT holds the most Bitcoin, with 327,182 BTC, or $21.79 billion. It was followed by Grayscale's GBTC with 272,193 BTC and $18.1 billion, and Fidelity's FBTC with 180,000 BTC and $12 billion.
