ETFs & Funds
Home›ETFs & Funds›ETFs›Spot Bitcoin ETFs see nearly $1B in inflows as demand…
Spot Bitcoin ETFs see nearly $1B in inflows as demand picks up
IBIT and FBTC were key beneficiaries, and renewed buying comes after June posted billions in net outflows from spot Bitcoin funds.
U.S. spot Bitcoin exchange traded funds are seeing inflows pick up again after a difficult stretch, with the category recording nearly $1 billion in net inflows over about a week in mid July, according to MarketBeat Ratings.
The renewed demand appears tied to institutions rebuilding exposure after June saw billions in net outflows from spot Bitcoin funds, the outlet said, while investors also appear to be positioning for a potential shift toward easier monetary policy and greater risk appetite.
Major spot Bitcoin ETF funds including the iShares Bitcoin Trust ETF listed as IBIT and the Fidelity Wise Origin Bitcoin Fund listed as FBTC have drawn renewed attention as a result, MarketBeat Ratings added.
The article also pointed to fund mechanics and costs as differentiators within the space, noting IBIT leads the industry in managed assets around $47 billion and trades with high liquidity, while its 0.25% annual fee is higher than some competitors. It further cited IBITs custody setup using Coinbase Global for custody services as one factor that can distinguish it from other issuers.
Latest closeBitcoin $63,844.90 ▲0.6%