US Spot Bitcoin ETF Flows
On January 11, 2024, nearly a dozen fund providers were given the green light to launch the first spot-based Bitcoin ETFs in the United States. The issuers include financial titans such as BlackRock, Fidelity and many more. Since the launch, several hundred million US dollars have flowed into the products every week. Interested readers can find a detailed breakdown of the daily cash flows of the spot Bitcoin ETFs in millions of USD here.
| Date | IBIT | FBTC | BITB | ARKB | GBTC | Others | Total (USDm) |
|---|
Breakdown of the US Spot Bitcoin ETF flows (USDm) / Source: CVJ.CH, Farside Investors
XRP falls 6.61% to USD 1.37, losing more in the pullback than Bitcoin, while the US spot ETFs report a sixth straight day of inflows.
Bitcoin topped USD 80,000 and trades back at its mid-May level, supported by USD 1.92 billion of weekly inflows into US spot ETFs.
