<ul> 
 <li>BlackRock’s spot Bitcoin ETF application has sparked renewed interest in global Bitcoin ETPs.</li> 
 <li>Investor interest in Bitcoin ETPs has reached its second-highest level ever since BlackRock’s ETF announcement in mid-June.</li> 
 <li>The total value of Bitcoin ETPs has increased to $5.8 billion, with the largest monthly inflow since ProShares’ futures Bitcoin ETF launch in October 2021.</li> 
</ul> 
BlackRock’s application for a spot Bitcoin ETF has reignited the interest in Bitcoin ETPs globally. According to K33 Research, investor interest in Bitcoin ETPs has been evident in the numbers since mid-June when BlackRock made the announcement. In fact, the inflows into Bitcoin ETPs have reached the second-highest level ever recorded. 
From June 16 to July 16, the size of Bitcoin ETPs increased by 25,202 BTC, equivalent to $754 million, reaching a total value of $5.8 billion and 196,824 BTC. This marks the largest monthly inflow since the launch of ProShares’ futures Bitcoin ETF in October 2021. 
Furthermore, the total amount of Bitcoin under management in global Bitcoin ETPs is currently at its highest level since July 2022. Additionally, ProShares’ Bitcoin Strategy ETF (BITO) has reached its all-time high Bitcoin holdings, with a value of $1.1 billion and 39,470 BTC. 
The report highlights that BITO’s sudden increases have typically occurred near local market peaks. Although BITO’s overall BTC assets have remained structurally stable since June 2022, there has been a significant recent increase. 
According to Coingecko data, Bitcoin has gained 12.9% in value in the last 30 days, trading at $29,942 as of the past 24 hours, experiencing a slight decrease of 0.1%. 
The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/global-giants-flock-to-bitcoin-record-monthly-surge-in-adoption-of-cryptocurrency-products/">Global Giants Flock to Bitcoin: Record Monthly Surge in Adoption of Cryptocurrency Products</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

Global Giants Flock to Bitcoin: Record Monthly Surge in Adoption of Cryptocurrency Products

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