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Spot Bitcoin exchange-traded funds (ETFs) in the United States had a total net inflow of $129.45 million across multiple funds on July 1, marking five days of consistent inflow and their largest influx since June 7.

The Fidelity Wise Origin Bitcoin Fund (FBTC) led inflows on Monday, posting $65.03 million, according to SoSoValue. Meanwhile, Bitwise Bitcoin ETF (BITB) had a single-day inflow of $41.40 million. The ARK 21Shares Bitcoin ETF (ARKB) recorded net inflows of $13 million.

Bitcoin funds from VanEck (HODL), Franklin Templeton (EZBC), and Invesco and Galaxy Digital (BTCO) saw relatively minor inflows of over and under $5 million.

Meanwhile, BlackRock’s IBIT and Grayscale’s GBTC, the largest spot Bitcoin ETFs by net asset value, reported no net inflows or outflows on the day.

Trading volume across the 11 Bitcoin funds reached $1.36 billion on Monday, with the ETFs accumulating a total net inflow of $14.65 billion since their January debut.

Prior to the $130.99 million inflow nearly a month ago, Bitcoin funds last saw net inflows exceeding $100 million on June 12. This was followed by a week-long outflow exceeding $1.1 billion, before inflows resumed on June 25 at $31 million.

Spot Ether ETF launch delayed

As Bitcoin ETFs continue their net inflows, the much-anticipated launch of US-based spot Ether ETFs has hit a regulatory roadblock, with the Securities and Exchange Commission (SEC) delaying approval due to additional scrutiny of submitted filings.

On June 29, Bloomberg ETF analyst Eric Balchunas suggested that the approval of the spot Ether ETFs will likely be delayed until after the July 4 holiday. He said the SEC has been taking longer than usual to review and respond to the ETF applications, even though the requested changes have been minor. He expects the review process to resume on July 8, and the ETFs to launch shortly after that.

Balchunas had initially predicted an early July launch for the ETFs, based on the lack of substantial feedback from SEC staff on the initial filings.

Read more: Bitcoin, Ether poised for strong July perfomance, analysts say