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Spot Bitcoin exchange-traded funds (ETFs) in the United States continued their positive momentum, recording net inflows for the seventh consecutive day.

The 11 Bitcoin funds raked in $301.04 million on July 15, led by the $117.25 million into Blackrock’s iShares Bitcoin Trust (IBIT), data from SoSoValue shows. The ARK 21Shares Bitcoin ETF (ARKB) also posted significant net inflows of $117.19 million during the same period.

Net inflows were also seen in the Fidelity Wise Origin Bitcoin Fund with $36.15 million, followed by Bitwise’s BITB ($15.24 million), Invesco and Galaxy Digital’s BTCO ($7.93 million), Franklin Templeton’s EZBC ($3.69 million), and VanEck’s HODL ($3.6 million).

Although no net outflows were seen across all the Bitcoin ETFs, BTC products from Grayscale Investments, Valkyrie Digital Assets, WisdomTree, and Hashdex didn’t record any positive flow.

Several financial experts and analysts have previously interpreted significant inflows into BTC ETFs as a sign of growing institutional interest in Bitcoin despite market volatility. Some have also highlighted the growing popularity of ETFs as a vehicle for investing in the original cryptocurrency.

Following the approval of the Bitcoin ETFs in January, Bloomberg ETF analyst James Seyffart said that the initial positive flows into those funds signal that more investors are starting to get comfortable with the idea of investing in Bitcoin through an ETF.

Separately, Grayscale Investments CEO Michael Sonnenshein told CNBC that the surge in inflows into Bitcoin ETFs confirms the growing institutional appetite for crypto exposure through regulated investment vehicles.

US spot Bitcoin ETFs saw a trading volume of $2.26 billion on Monday, a notable figure but still lower than the peak trading volumes recorded in March when the market exceeded $8 billion on multiple days. Since their launch early this year, these ETFs have collectively attracted a net inflow of $16.11 billion.

While Bitcoin ETFs continue to see significant activity, the market is now eagerly anticipating the imminent arrival of Ether ETFs, with the SEC reportedly poised to give final approval to multiple issuers by July 22, with trading potentially commencing as early as July 23.

Read more: Digital asset inflows reached $1.44B last week led by US