Data from Farside Investors indicates that spot BTC ETFs recorded $294.8 million in net inflows on Monday — a figure last seen on June 5. Most of these inflows, totaling $187.2 million, were attributed to BlackRock’s iShares Bitcoin Trust (IBIT).
IBIT is nearing the $18 billion mark, currently standing at $17.92 billion in total net inflows.
Additionally, the Fidelity Wise Origin Bitcoin Fund (FBTC) saw inflows of $61.5 million, bringing its total to $9.42 billion.
Interestingly, the third-largest inflow on July 8 came from the Grayscale Bitcoin Trust (GBTC), amounting to $25.1 million.
Moreover, the ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB), and VanEck Bitcoin Trust (HODL) reported inflows of $11 million, $8.4 million, and $1.6 million, respectively.
Following Monday's gains, the total net inflows for spot BTC ETFs surpassed the $15 billion mark, despite $18.5 billion worth of outflows from GBTC, according to Farside Investors.
As inflows surged, the global cryptocurrency market capitalization increased by 4.2% in the past 24 hours, reaching $2.22 trillion, based on data from CoinGecko. The total daily trading volume rose by approximately 30%, currently hovering around $117 billion.
The top two cryptocurrencies, Bitcoin and Ethereum (ETH), increased by 3.5% and 5.5%, respectively. BTC is trading at $57,650, and ETH is at $3,080 at the time of writing.
