Bitcoin ETFs Record $310 Million Inflows, Highest in 5 Weeks

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U.S.-based spot Bitcoin ETFs (exchange-traded funds) experienced substantial inflows on July 12, amounting to over $310 million. This marks their best-performing day since June 5.

According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust and the Fidelity Wise Origin Bitcoin Fund led the charge, attracting $120 million and $115.1 million, respectively. The Bitwise Bitcoin ETF followed with $28.4 million in inflows. Meanwhile, the Grayscale Bitcoin Trust saw a rare inflow day, recording $23 million. The VanEck Bitcoin Trust ETF and the Invesco Galaxy Bitcoin ETF also contributed, receiving $6 million and $4 million in inflows, respectively.

Investors Ignore Some of the Smaller Bitcoin ETFs

Despite these robust figures, some spot Bitcoin ETFs, including those issued by Hashdex, Franklin Templeton, Valkyrie, and WisdomTree, did not register any inflows on the same day.

Also Read: Dollar Cost Averaging on Binance: A Guide to Investing

The cumulative inflows since July 8 have now reached an impressive $1.04 billion, demonstrating sustained investor interest in Bitcoin ETFs. Since their inception a little over six months ago, these ETFs have also amassed $15.8 billion in net inflows.

$BTC ETFs

Net flows today = +$309.9m

Largest net inflow day since June 5th pic.twitter.com/P22GeQIkvT
— #333kByJuly2025 (@CarpeNoctom) July 13, 2024

Interestingly, this influx of capital into Bitcoin ETFs occurred alongside a modest increase in Bitcoin’s price. The market leader’s price rose more than 2% over the past 24 hours to trade at $58,430. However, the flagship crypto is still down nearly 15% in the last month and remains 21% below its all-time high.

ETH Could Gets Its Own ETF Next Week

In addition to the positive momentum in Bitcoin ETF inflows, there is speculation that some issuers are preparing to launch spot Ethereum ETFs. According to Nate Geraci, president of The ETF Store, these could be available as early as July 15. These is pending approval from the U.S. Securities and Exchange Commission (SEC).

It appears the SEC is playing the spot eth ETF S-1s similar to the 19b-4s…

*Extremely* tight-lipped.

Still think approval next week. Absolutely no reason for delay.
— Nate Geraci (@NateGeraci) July 12, 2024

The strong performance of Bitcoin ETFs, coupled with the potential introduction of spot Ethereum ETFs, indicates a broader trend of increasing institutional adoption of cryptocurrency products. As the market continues to evolve, these developments are likely to play a crucial role in shaping the future of digital asset investments.

Author

Steven Walgenbach

Steven's passion for cryptocurrency and blockchain technology began in 2014, inspiring him to immerse himself in the field. He notably secured a top 5 world ranking in robotics. While he initially pursued a computer science degree at the University of Texas at Arlington, he chose to pause his studies after two semesters to take a more hands-on approach in advancing cryptocurrency technology. During this period, he actively worked on multiple patents related to cryptocurrency and blockchain. Additionally, Steven has explored various areas of the financial sector, including banking and financial markets, developing prototypes such as fully autonomous trading bots and intuitive interfaces that streamline blockchain integration, among other innovations.

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