US-registered spot Bitcoin exchange-traded funds (ETFs) recorded substantial net inflows totaling $523.29 million on July 17, driven primarily by heightened institutional interest.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the inflows, attracting $497.99 million. These ETFs provide investors with direct exposure to Bitcoin’s price performance under the regulatory oversight of the US Securities and Exchange Commission (SEC).
The sustained inflows, continuing for eleven consecutive days, signal increasing institutional adoption and serve as a significant validation of Bitcoin as a credible asset class within regulated financial markets. This trend points towards broader market acceptance, potentially cementing Bitcoin ETFs as mainstream investment vehicles.
Other spot Bitcoin ETFs also contributed to the inflow total, including Fidelity Wise Origin Bitcoin Fund (FBTC), Invesco Galaxy Bitcoin ETF (BTCO), Grayscale Bitcoin Mini Trust (MINI), and VanEck Bitcoin Trust (HODL).