BlackRock Drives $2.386 Billion US BTC Spot ETF Inflows Amid Overall Market Outflows

Key Points

1. The US Bitcoin spot ETF market saw a net inflow of $2.386 billion as of July 19, primarily led by BlackRock’s IBIT ETF with $2.569 billion.

2. Fidelity’s FBTC and Grayscale’s GBTC recorded net outflows of $48.7 million and $122.5 million, respectively.

3. Smaller inflows were observed in ETFs like Invesco BTCOct and VanEck HODL, totaling under $40 million combined.

4. Excluding BlackRock’s contribution, the overall net flow across other ETFs was negative $183 million.