Key points
- US spot Bitcoin ETFs saw strong inflows this week, with funds collectively capturing over $1 billion.
- Crypto market sentiment is turning positive: the Crypto Fear and Greed Index hit 74.
Share this article
US spot Bitcoin exchange-traded funds (ETFs) have attracted more than $2 billion from investors in the past two weeks amid renewed market optimism, with the Crypto Fear and Greed Index hitting its highest level since late June, according to data from SoSoValue and Alternative.me.
(Note: ARKB's Friday streams are not included as no updates were observed at the time of reporting.)
Data from Alternative.me shows the Cryptocurrency Fear and Greed Index rose 14 points to 74 on Saturday. The index score increase came as the price of Bitcoin (BTC) hit a high of $66,800 on Friday evening, according to TradingView. data sample.
Last week, the index remained in the “fear” zone. Despite the bearish market sentiment, the US spot Bitcoin ETFs Attract Over $1 Billion in entries during the week.
Building on that success, US spot Bitcoin ETFs have continued to attract substantial inflows this week.
Bitcoin ETFs started the week on a high note with $301 million in capital On Monday, funds in total brought in over $1 billion. These funds collectively generated over $1 billion in weekly inflows (excluding Friday’s ARKB flows due to no updates), with Tuesday seeing the largest daily inflow. entry of more than 422 million dollars.
This week alone, BlackRock's IBIT topped the list with around $706 million in inflows, according to data from SoSoValue and Farside.
IBIT inflows exceeded $1.2 billion over the past two weeks, accounting for 50% of total flows across eleven spot funds during that period. The fund remains the largest spot Bitcoin ETF with nearly $22 billion in assets under management (AUM) as of July 19.
This week, Fidelity’s FBTC saw approximately $244 million in inflows, while Bitwise’s BITB saw over $70 million. Other gains were also seen in ARK Invest’s ARKB, VanEck’s HODL, Invesco’s BTCO, Franklin Templeton’s EZBC, Valkyrie’s BRRR, and WisdomTree’s BTCW.
Despite net inflows of over $20 million reported on Friday, Grayscale’s GBTC saw around $56 million in outflows.
With Friday's gain (excluding ARKB), these ETFs have seen sustained inflows for eleven consecutive trading days.
Share this article
