US-Based Spot Bitcoin ETFs Recorded Net Inflows for the 12th Consecutive Trading Day! What Does This Mean? Here Are the Details

US-based spot Bitcoin ETFs recorded net inflows for the 12th consecutive trading day, resulting in a total capital increase of 3.9 billion dollars. On June 25 alone, 547.7 million dollars were inflowed.

12-Day Net Inflow Series into Bitcoin ETFs: Total Inflow Approaches 4 Billion Dollars, BTC Strengthens with Dollar Weakness

BlackRock's IBIT fund became the most sought-after ETF of the day with a net inflow of $340.3 million. Following that, Fidelity's FBTC fund attracted $115.2 million. Ark Invest and 21Shares' ARKB, Bitwise's BITB, and VanEck's HODL funds received $70.2 million, $12.9 million, and $9.1 million respectively. Other ETFs closed the day with zero net inflow.

IBIT continues to lead by accounting for 86% of the total net inflow over 12 days, which amounts to (3.3 billion dollars) alone.

"12 consecutive days of inflows, 4 billion dollars in fresh capital. The ETF category is approaching 50 billion dollars since January 2024. This is truly incredible," said The ETF Store President Nate Geraci.

As of now, a total of $48.4 billion has been net inflow into U.S. spot Bitcoin ETFs since the launch in January 2024. The total assets managed by these funds are currently approximately $125 billion.

Positive Sentiment Continues in Ethereum ETFs

Spot Ethereum ETFs also recorded a net inflow of 60.4 million dollars on the same day. Of the inflows, 55.2 million dollars went to BlackRock's ETHA fund.

This has been the third consecutive positive day for Ethereum ETFs, with total inflows over the last three days reaching 232.4 million dollars. In total, these funds released in July 2024 have seen inflows of 4.2 billion dollars to date.

Bitcoin is trading at a price of $107,445; this represents an increase of 0.8% in the last 24 hours and 2.9% weekly. BTC, which fell to $98,000 on Sunday, tested the $108,000 level again on Thursday morning.

BRN Research Director Timothy Misir stated that the decline of the dollar index to its lowest level since March 2022 has created a strong wind for crypto assets:

"The weakening of the dollar and the World Bank's reduction of the 2025 US growth forecast from 2.3% to 1.4% are providing economic signals in favor of non-correlated assets like Bitcoin."

Egypt also stated that government institutions have clearly begun accumulating Bitcoin and that companies continue to rapidly adopt Bitcoin, indicating that BTC has matured as an institutional asset class.

K33 Research Director Vetle Lunde stated in his evaluation earlier this week that ETF flows directly affect the BTC price, while treasury companies have a more limited impact.

As increasing institutional demand, a weakening dollar, and concerns about economic slowdown come together, it is assessed that Bitcoin's upward momentum may continue in the short term.

*It is not investment advice.

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