BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $18 billion in Bitcoin (BTC) as inflows continue into the ETFs.
According to data provided by Farside Investors, spot BTC ETFs saw $216.4 million in inflows on Tuesday, marking their third consecutive day of inflows.
The total amount of inflows currently stands at $15.2 billion. The IBIT ETF saw $121 million in inflows on July 9, pushing its market cap to $18.04 billion. On May 1, IBIT experienced its only day of net outflows, worth $36.9 million.
In contrast, Grayscale Bitcoin Trust (GBTC) recorded $37.5 million in net outflows. However, GBTC saw $25.1 million in inflows on July 8, driven by market-wide bullish sentiment.
GBTC ETF has seen more than $18.6 billion in net outflows since its U.S. launch. Bitwise Bitcoin ETF (BITB) also experienced $4.7 million in outflows.
Several other Bitcoin ETFs saw net inflows: Fidelity Wise Origin Bitcoin Fund (FBTC) with $91 million, ARK 21Shares Bitcoin ETF (ARKB) with $43.3 million, and VanEck Bitcoin Trust (HODL) with $3.3 million.
While Tuesday’s inflows were smaller than Monday’s $295 million, they sustained bullish momentum in the crypto market. Consequently, Bitcoin reached an intraday high of $59,400 for the first time in a week and is currently trading at $59,200.
