US spot Bitcoin ETFs have collectively received a record total of more than $17 billion in inflows.
Data from Farside Investors shows the top contributor to this achievement was BlackRock's IBIT, which recorded inflows of $18.968 billion. In addition, Fidelity's FBTC recorded significant inflows of $9.962 billion.
However, Grayscale's GBTC recorded outflows of $18.694 billion, indicating a shift in preference among investors.
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On July 17, the 11 US spot Bitcoin ETFs recorded a combined daily inflow of $53.35 million, marking the ninth consecutive day of positive inflows, but down from $422 million the previous day.
BlackRock's IBIT remained in the lead, attracting the most significant inflows of $110.37 million and reaching a trading volume of $1.21 billion.