rewrite this content using a minimum of 1000 words and keep HTML tags
Join Our Telegram channel to stay up to date on breaking news coverage
US Spot Bitcoin ETFs (exchange-traded funds) are nearing $50 billion in cumulative net inflows after resuming their positive flows streak with $1 billion inflows over the last 2 days.
Data from Farside Investors shows the cumulative net inflows for the ETFs stands at $49.622 billion. This is after the funds’ multi-day inflow streak was interrupted with $342.2 million outflows on July 1.
Spot Bitcoin ETFs See Over $1 Billion Inflows In 2 Days
Following the outflows on July 1, the funds quickly resumed their trend at full force. The Farside Investors data shows that the spot Bitcoin ETFs collectively posted over $1 billion in net daily inflows over July 2 and July 3.
On July 2, $407.8 million entered the funds. The following trading session, investors poured $601.8 million into the ETFs, their strongest net daily inflows since May 22.
IBIT Generates More Fees For BlackRock Than Its S&P 500 ETF
BlackRock’s IBIT, which has a commanding lead in terms of cumulative net daily inflows with its reserves of over $52.6 billion, retreated from its usual trend on July 2 after not recording any new flows. Investors then went on to add $224.5 million to the ETF’s reserves yesterday.
In a July 3 X post, Nate Geraci, the President of Novadius Wealth (formerly ETF Store), said IBIT has only had one month of outflows since its launch in January 2024.
The fund also generates more fee revenue for BlackRock than its iShares S&P 500 ETF, which is the asset manager’s largest ETF, Geraci added.
Bloomberg ETF analyst Eric Balchunas also commented on the fund’s fee performance. In a X post on the same day, he said that IBIT is the 3rd largest revenue-generating ETF for BlackRock out of 1,197 funds.
$IBIT is now the 3rd highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9b away from being #1. Just another insane stat for a 1.5yr old (literally an infant) ETF. Here’s Top 10 list for BLK (aside, how about the forgettable $IWF at top spot, who knew?) pic.twitter.com/T4xdIA2Rea
— Eric Balchunas (@EricBalchunas) July 3, 2025
He added that IBIT is just $9 billion away from being BlackRock’s highest fee generating ETF.
Related Articles:
Best Wallet – Diversify Your Crypto Portfolio
Easy to Use, Feature-Driven Crypto Wallet
Get Early Access to Upcoming Token ICOs
Multi-Chain, Multi-Wallet, Non-Custodial
Now On App Store, Google Play
Stake To Earn Native Token $BEST
250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
