United

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-attract-major-investments-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Attract Major Investments</a><br></p>
<p style="text-align: justify">On July 1st, 11 spot <a href="https://en.bitcoinhaber.net/crypto-value-downturn-bitcoins-sharp-decline-leads-market-dip" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) in the United States experienced substantial positive net inflows totaling $129.45 million. This marks the fifth day in a row of favorable fund movements, with the most significant fund acquisition since June 7. These figures highlight the growing investor interest and confidence in Bitcoin ETFs.</p>
<h2 id="etf-funds-continue-to-see-inflows">ETF Funds Continue to See Inflows</h2>
<p style="text-align: justify">Data from SosoValue revealed that Fidelity’s FBTC fund led the charge with $65 million, followed by Bitwise’s BITB fund, which saw $41 million in inflows. In contrast, Ark Invest and 21Shares’ ARKB fund recorded an inflow of $13 million. Smaller contributions, each around $5 million or less, came from Invesco, Galaxy Digital, VanEck, and Franklin Templeton.</p>
<p style="text-align: justify">Interestingly, the two largest spot Bitcoin ETF funds by net asset value, BlackRock’s IBIT and Grayscale’s GBTC, did not show any inflows on the same day. The combined trading volume for these 11 Bitcoin funds reached approximately $1.36 billion on July 1. Since their inception in January, these ETFs have amassed a total net inflow of $14.65 billion.</p>
<h2 id="what-s-happening-with-bitcoin-prices">What’s Happening with Bitcoin Prices?</h2>
<p style="text-align: justify">As per Tradingview <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a>, Bitcoin’s price stood at $63,050 at the time of reporting, marking a slight increase of 0.25% over the past 24 hours. Despite a temporary dip below $60,000 last week, Bitcoin remains under the peak levels of over $71,000 observed in early June. Analysts from QCP Capital noted that both Bitcoin and Ethereum generally perform better in July due to historical positive seasonality, a sentiment echoed by Coinbase analysts.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<ul>
 <li>Bitcoin ETFs attracted a significant net inflow of $129.45 million on July 1.</li>
 <li>Fidelity’s FBTC fund was the major recipient, with $65 million in inflows.</li>
 <li>Bitcoin’s price was $63,050, showing a 0.25% rise in 24 hours.</li>
</ul>
<p style="text-align: justify">The ongoing developments have put a spotlight on upcoming macroeconomic data from the United States. Positive signals regarding potential <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">interest rate</a> cuts could stimulate investments in high-risk assets like Bitcoin and altcoin projects, making it a crucial period for market watchers.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-attract-major-investments-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Attract Major Investments</a></h5>

Bitcoin ETFs Attract Major Investments

Table of Contents

BH NEWS

Other articles published on Jul 2, 2024

Why are Investors Dropping Sealana for MoonBag Presale?

HashKey launches tap-to-earn bot on Telegram to woo retailers with its HSK token

PEPE hints bullish move, Here’s how?

Ether Mengalami Arus Keluar Terbesar Sejak 2022, Pertanda Apa?

MoonBag Best Crypto Presale Raises $3M in 2024: Is $MBAG the Next Icon, Eclipse Arbitrum, Bitcoin...

MoonBag’s Best Crypto Presale in 2024 Gives Strong Competition to Kaspa and Cardano with 88% APY ...

Join our free newsletter for daily crypto updates!