Net inflows into spot Bitcoin ETFs exceed $143 million

On July 5, 2024, spot Bitcoin ETFs recorded net inflows of $143.1 million, according to SoSo Value. The bulk of the financial injections came to the crypto fund from Fidelity Investments.

The investment product Fidelity Wise Origin Bitcoin Fund (FBTC) accounted for 117.4 million of the total inflow. The fund's total assets under management (AUM) is $9.65 billion. FBTC ranks third among all spot Bitcoin ETFs in the United States.

In second place in terms of inflows is an exchange-traded fund from Bitwise Asset Management under the ticker BITB. Over the past 24 hours, this investment product received financial injections in the amount of $30.2 million. The AUM of the crypto fund remains at $2.08 billion.

The third place in terms of the volume of capital received is occupied by the spot Bitcoin ETF from VanEck - $12.8 million. The size of assets under management of the exchange-traded fund under the ticker HODL is $582 million.

Rounding out the top four cryptocurrency ETFs in the “green zone” is an investment product from Ark Invest and 21Shares. Over the past trading day, he received a total of $11.3 million.

Meanwhile, a converted fund from financial giant Grayscale Investments continued to lose money. On July 5, 2024, the spot Bitcoin ETF under the ticker GBTC lost $28.6 million. Since its launch, this crypto fund has lost a total of $18.6 billion. The AUM of the investment product from Grayscale is around $15.5 billion.

The remaining six Bitcoin-based exchange-traded funds ended the last trading day with zero inflows/outflows. Among them are cryptocurrency ETFs from companies such as BlackRock, Franklin Templeton, Valkyrie Digital Assets and other market players.