Bitcoin ETF Inflow: BlackRock’s IBIT Hits Record $18.5 Billion AUM

Inflows into spot Bitcoin ETF markets remained robust for the eighth consecutive day, with a total of $429 million recorded on Tuesday, July 16. Leading the charge is the BlackRock Bitcoin ETF IBIT, which has surpassed $18.5 billion in total assets under management since its launch in January while swallowing all of the GBTC outflows.,On Tuesday, July 16, the BlackRock Bitcoin ETF IBIT witnessed a massive $260 million inflow scooping a total of 4,005 BTC from the open market. Over the past seven trading sessions, IBIT has been the biggest contributor to the total inflows into Bitcoin ETFs. The BlackRock Bitcoin fund alone has contributed to $900 million of inflows during this period.,With this current milestone, BlackRock’s IBIT has completely swallowed all of the $18.6 billion of outflows contributed by Grayscale’s GBTC. As a result, the total Bitcoin ETF AUM across all products hit a record high of $16 billion.,As per data from HODL15Capital, the total Bitcoin ETF inflows for Tuesday stood to be $429 million with the investment funds collectively buying 6,608 BTC from the open market. Apart from BlackRock, Fidelity’s FBTC saw a $61.1 million inflow while Ark Invest’s ARKB saw $29.8 million in inflows. Just within the last three days, the US BTC ETFs recorded over $1 billion in total inflows.,,Throughout this month of July, the US BTC ETFs have recorded all positive days of inflows, except for just two days of outflows on July 2nd and 3rd.,Also Read:,Strong trading volumes for the spot Bitcoin ETFs show huge confidence among retail as well as institutional investors. For the second consecutive day, BlackRock’s IBIT clocked over $1 billion in trading volume.,On the other hand, Fidelity’s FBTC saw $252.76 million in inflows while Bitwise’s BITO clocked $229 million in trading volumes.,,Apart from the US markets, demand for spot Bitcoin ETFs in Australia and Hong Kong remains very high. The Monochrome BTC ETF IBTC has stacked up a total of 85 BTC valued at $7.99 million.,These massive inflows sent the Bitcoin price soaring all the way to $65,800 levels earlier today, thereby compensating for the Mt. Gox FUD.,Also Read: Bitcoin Falls As Mt. Gox Transfers $6B In BTC, $210M Liquidated,