Spot Bitcoin ETF will see the highest flow day in more than 5 weeks.
US-based Bitcoin exchange-traded funds recorded more than $310 million in inflows on July 12 — its best-performing day since June 5.
BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw the majority of the inflows at $120 million and $115.1 million, respectively, data from Farside Investors showed.
The Bitwise Bitcoin ETF came in third with $28.4 million, while the Greyscale Bitcoin Trust (GBTC) recorded another rare day of gains with $23 million.
The VanEck Bitcoin Trust ETF and the Invesco Galaxy Bitcoin ETF also posted gains of $6 million and $4 million, respectively.
Meanwhile, Hashdex, Franklin Templeton Valkyrie and the WisdomTree Dedicated Space Bitcoin ETF failed to record inflows on the day.
It was the biggest day of inflows since June 5, when issuers of the spot Bitcoin ETF posted $488.1 million in outflows.
Friday's close means that bitcoin ETF issuers took in a total of $1.04 billion this week.
The space Bitcoin ETFs have now collected $15.8 billion in net revenue since the products launched six months ago.
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That total includes more than $18.6 billion in Greyscale's flagship Bitcoin offering, which was converted to spot form following US securities regulator approval in January.
The Hashdex Bitcoin ETF (DEFI) is the only other Bitcoin ETF with net inflows — albeit a relatively small one at $2 million.
Bitcoin (BTC) has increased 1.1% in the last 24 hours and is currently trading at $57,858, CoinGecko data shows.
However, it is down nearly 15% from last month and is now more than 21% away from its all-time high.
Some of these Bitcoin ETF issuers are now preparing to issue Spot Ether (ETH) ETFs, which could begin as early as next week, said Nate Geraci, president of ETF Repository.
These issuers are waiting for the US securities regulator to sign off on their revised S-1 registration statement after receiving an initial round of feedback late last month.
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