Bitcoin ETF

Bitcoin

Spot

<p>On July 1, 2024, Bitcoin ETFs witnessed significant net inflows totalling $129 million, marking a bullish sentiment across the sector. Notably, no U.S. Bitcoin ETFs <a href="https://x.com/spotonchain/status/1808000511364551113" target="_blank" rel="noopener noreferrer nofollow">reported </a>outflows, indicating robust investor confidence.</p>
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   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETF</a> Net Inflow July 1, 2024: +$129M!<br><br>• No US Bitcoin ETF saw an outflow yesterday 🎉.<br><br>• <a href="https://twitter.com/hashtag/Fidelity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Fidelity</a> (FBTC) saw the largest single-day inflow at $65M.<br><br>• Both <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BlackRock</a> (IBIT) and <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Grayscale</a> (GBTC) experienced net flows of $0 yesterday.<br><br>• Overall, the net inflow… <a href="https://t.co/rM9socAJ5t" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rM9socAJ5t</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1808000511364551113?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 2, 2024</a>
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<p>Fidelity’s Bitcoin ETF (FBTC) led the day with the highest single-day inflow of $65 million. In contrast, BlackRock (IBIT) and Grayscale (GBTC) reported net flows of $0, maintaining stable positions without gains or losses for the day. The trend of positive net inflows continued for five consecutive trading days, underscoring a strong market appetite for <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778" rel="noopener noreferrer nofollow">Bitcoin</a> investments. This period of growth reflects increasing trust and interest in cryptocurrency as a viable asset class among institutional and retail investors.</p>
<h2 class="wp-block-heading" id="spotlight-on-monochrome-bitcoin-etf">Spotlight on Monochrome Bitcoin ETF</h2>
<p>Australia’s Monochrome Bitcoin ETF (Ticker: IBTC) showcased a steady acquisition strategy, buying more bitcoins daily. From June 14 to June 27, the ETF increased its holdings from 48 to 65 bitcoins, aligning with the market’s dips and peaks.</p>
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   <p lang="en" dir="ltr">While you are scared, the Australian <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> ETF keeps on buying the dip every day.<br><br>Slowly and steadily. <a href="https://t.co/GwnymWdFnT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/GwnymWdFnT</a></p>— Lark Davis (@TheCryptoLark) <a href="https://twitter.com/TheCryptoLark/status/1807062733923209321?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 29, 2024</a>
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<p>The ETF’s assets under management (AUM) grew alongside its bitcoin holdings, starting at AUD $4,724,449.32 on June 14 and reaching AUD $5,981,088.75 by June 27. This growth trajectory indicates not only an increase in the number of bitcoins held but also a substantial appreciation in value, reflecting the ETF’s strategic investment approach during market fluctuations. The Australian Bitcoin ETF’s “buy the dip” strategy continuously reflects a methodical and long-term approach to cryptocurrency investment.&nbsp;</p>

Bitcoin ETFs Experience Continued Growth with Record Inflows

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