Franklin

Galaxy

Bitcoin

Gains

<ul>
 <li>The net inflows on Monday were the highest for the Bitcoin ETFs since June 7.</li>
 <li>Yesterday’s inflows were $65 million for Fidelity’s FBTC and $41 million for Bitwise’s BITB.</li>
</ul>
Monday was the fifth day in a row that the eleven U.S. spot bitcoin exchange-traded funds have reported positive flows, with a total of $129.45 million. Additionally, the net inflows on Monday were the highest for the ETFs since June 7.
According to statistics from SosoValue, yesterday’s inflows were $65 million for Fidelity’s FBTC and $41 million for Bitwise’s BITB. A total of $13 million came into Ark Invest and 21Shares’ ARKB. Investments of less than $5 million were received by funds managed by VanEck and Franklin Templeton, as well as Invesco and Galaxy Digital.
The two biggest spot bitcoin ETFs by net asset value, IBIT (<a href="https://thenewscrypto.com/u-s-bitcoin-etfs-see-226-2m-net-outflow-blackrocks-ibit-defies-trend/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a>) and GBTC (<a href="https://thenewscrypto.com/blackrock-surpasses-grayscale-to-become-largest-bitcoin-etf-fund/" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a>), both had no transactions on Monday. Moreover, on Monday, trading volume for the 11 bitcoin funds was over $1.36 billion. Since their launch in January, the ETFs have had a net inflow of $14.65 billion.
<h3 class="wp-block-heading" id="h-bitcoin-price-remains-stable">Bitcoin Price Remains Stable</h3>
While it has bounced back from last week’s low of around $60,000, Bitcoin is still trading at a considerable discount compared to its early June price of over $71,000. At the time of writing, Bitcoin is trading at $62,523 as per data from CMC.
According to a research released on Monday by QCP Capital, favorable seasonality in July has traditionally led to higher performance for both bitcoin and ether. Promising seasonal trends were also highlighted by <a href="http://coinbase.com" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a> analysts for July.
Tuesday saw minimal movement in the price of <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> as investors awaited news on the distribution of tokens from the now-defunct Mt Gox exchange and keenly followed interest rate signals. Despite seemingly improved mood after high withdrawals during June, data from fund flow shows that digital assets had a third consecutive week of outflows.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/shib-payments-now-accepted-by-kronos-advanced-technologies/" target="_blank" rel="noopener noreferrer nofollow">SHIB Payments Now Accepted by Kronos Advanced Technologies</a>

Bitcoin ETFs Attract $130M in Inflows, Marking 5th Straight Day of Gains

Table of Contents

TheNewsCrypto

Άλλα άρθρα που δημοσιεύτηκαν στις 2 Ιουλ 2024

Cardano and Ethereum Bullish Breakouts Signal Major Gains

Evolve Bank Leak Has Personal Information Of Bitfinex, Copper Banking, Nomad Users

Experts Predict Bitcoin and Altcoin Price Movements for July

Bitcoin Events Announces Two Exciting Events in South Africa: Crypto Fest 2024 and Blockchain Afr...

Expanding Use Cases: SubWallet Integrates Polkadot Bridges and Swaps with Easy UX (2 Jul)

Trump the Felon Memecoin Skyrockets 8,100% and Will Explode 18,000% Ahead of KuCoin Listing, As S...

Join our free newsletter for daily crypto updates!