Photo credit: SoSoValue

United States spot Bitcoin exchange-traded funds (ETFs) have attracted over $880.63 million in the last five trading days since July 5.

The positive flow streak extended on July 11, when the 11 Bitcoin funds posted $78.93 million in net inflows, according to SoSoValue. Asset manager BlackRock’s iShares Bitcoin Trust (IBIT) pulled $72.09 in inflows. That ETF was also the most actively traded BTC fund on Wednesday, with a trading volume of $725.61 million. Meanwhile, Fidelity’s Wise Origin Bitcoin Fund attracted $32.69 million.

The Bitwise Bitcoin Fund (BITB) and ARK 21Shares Bitcoin ETF (ARKB) also had inflows on the day, netting a combined $11.84 million.

Grayscale’s GBTC, however, experienced net outflows of $37.69 million on the day, partially offsetting the overall gains. In contrast, six other funds, including VanEck’s HODL, saw no change in their assets.

Overall, the US spot Bitcoin ETFs saw a total trading volume of $1.31 billion on the day. While substantial, this figure is significantly lower than the peak trading volumes seen in March, when daily volumes often surpassed $8 billion. Since their launch in January, these ETFs have attracted a cumulative net inflow of $15.5 billion.

Bitcoin bulls fail to break $60K mark

On June 12, Bitcoin failed to break past $60,000 for the second time over the last 48 hours. At the time of writing, the original cryptocurrency exchange hands at $57,303.74, down 15.4% in the last 30 days, per CoinGecko data.

Recent negative sentiment linked to Mt. Gox creditor repayments and the German government’s ongoing Bitcoin sell-off has contributed to the Crypto Fear & Greed Index, a gauge of market sentiment toward BTC and other crypto assets, plummeting to “extreme fear,” its lowest point since January 2023.