Spot Bitcoin ETFs See $532M Inflows as BTC Reclaims $80K

Teampipvibe1 min read·Just now

US-based Bitcoin ETFs recorded net inflows of $532.21 million on Monday, as Bitcoin fell above the $80,000 mark amid improved risk sentiment following the US-Iran ceasefire agreement.

BlackRock’s iShares Bitcoin Trust (IBIT) led the pack with $335.49 million in daily inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $184.57 million, according to SoSoValue data. Morgan Stanley’s Bitcoin ETF (MSBT) was the only other fund to record positive inflows on the day, adding $12.16 million. The remaining funds did not record any new inflows.

Monday’s inflows continued a three-day winning streak. On Friday, it raised $629.73 million, while Thursday saw a modest $14.76 million. The streak came after three straight days of outflows as funds lost $490.63 million, the longest sustained recovery period in recent weeks.

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Spot weekly flows of Bitcoin ETFs. Source: Soso Value

The increased flow comes as Bitcoin rises above $80,000 for the first time in more than three months. The leading cryptocurrency is currently trading at around $81,029, up 1.5% from the last day,
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