BlackRock’s iShares Bitcoin Trust gathered $260 million from Bitcoin investors on July 16, contributing more than half of all net inflows into spot Bitcoin ETFs on the day.
It marked the eighth consecutive day of positive net inflows for United States spot Bitcoin 
BTCUSD ETFs, reaching $422.5 million and is the best-performing day since June 5, according to data from Farside Investors.
The Fidelity Wise Origin Bitcoin Fund tallied the second most inflows among US spot Bitcoin ETF issuers at $61.1 million, followed by the ARK 21Shares Bitcoin ETF in third place with $29.8 million.
The VanEck Bitcoin ETF and Invesco Galaxy Bitcoin ETF also saw inflows above $20 million, while
BlackRock’s Bitcoin stash is now valued back above $20 billion following its latest purchase of 4,004 Bitcoin and Bitcoin’s 3% price rise since trading hours closed on Monday.
The fund first exceeded $20 billion in assets under management in late May, when Bitcoin was fast approaching $70,000, making it the world’s largest Bitcoin ETF.
Nate Geraci, president of The ETF Store, praised BlackRock’s newly recovered milestone while slamming that suggested only “degen retail” investors would buy Bitcoin products.