Spot Bitcoin ETFs recorded a strong day of inflows on July 3, with a total net addition of approximately $602 million, according to data from SoSoValue.
Fidelity‘s Fidelity Wise Origin Bitcoin Fund (CBOE: FBTC) led the activity, pulling in $237 million, while BlackRock‘s iShares Bitcoin Trust ETF (NASDAQ:IBIT) followed closely with $224.5 million in net inflows.
The surge underscores continued institutional appetite for Bitcoin (CRYPTO: BTC) exposure, despite recent price volatility.
Fidelity’s fund has now seen cumulative net inflows surpass $12 billion, with BlackRock’s IBIT accumulating over $52 billion to date.
The day’s flows pushed total assets under management across Bitcoin spot ETFs to $137.6 billion, representing around 6.29% of Bitcoin’s total market capitalization.
Other major players, including Ark‘s ARK 21Shares Bitcoin ETF (CBOE: ARKB) and Bitwise‘s …