Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p>Bitcoin ETFs, still relevant? Are they still pertinent for your investments? While the crypto market faces ups and downs, Bitcoin ETFs have recorded a record influx, stabilizing the market and restoring investor confidence. Let’s see how these massive inflows influence the Bitcoin market and what it means for the future of key cryptocurrencies.</p>
<h2 id="record-influxes-of-bitcoin-etfs">Record influxes of Bitcoin ETFs</h2>
<p>Bitcoin ETFs, <a href="https://www.cointribune.com/en/bitcoin-the-sec-has-finally-approved-spot-etfs/" target="_blank" rel="noopener noreferrer nofollow">launched last January 10</a>, recently experienced an exceptional day, recording <strong>an influx of 310 million dollars on July 12</strong>, the largest in more than five weeks.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This renewed interest clearly shows that investors still see <strong>Bitcoin (BTC) as a safe haven</strong>.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>Among <strong>the market leaders</strong>, BlackRock’s iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund have respectively raised over 100 million dollars, reports <a href="https://x.com/FarsideUK/status/1811970658701611333" target="_blank" rel="noopener noreferrer nofollow">Farside Investors</a>. The Bitwise Bitcoin ETF also contributed and the Grayscale Bitcoin Trust reported a rare influx of over 20 million dollars.</p>
<ul>
 <li>BlackRock’s iShares Bitcoin Trust: 120 million dollars raised;</li>
 <li>Fidelity Wise Origin Bitcoin Fund: 115.1 billion dollars raised;</li>
 <li>Bitwise Bitcoin ETF: 28.4 million dollars raised;</li>
 <li>Grayscale Bitcoin Trust: 23 million dollars raised.</li>
</ul>
<p>These impressive figures highlight the growing adoption of Bitcoin within the traditional financial system.</p>
<p>According to an analyst, “<em>cryptocurrencies are increasingly establishing themselves as essential assets</em>.”</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Buy cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-the-impact-of-etfs-on-the-crypto-market">The impact of ETFs on the crypto market</h2>
<p>The recent massive influx of funds into Bitcoin ETFs has propelled <strong>the total market value of ETFs to 15.8 billion dollars</strong> in one week.</p>
<p>Actors like the VanEck Bitcoin Trust ETF and the Invesco Galaxy Bitcoin ETF have also seen inflows, respectively of 6 million and 4 million dollars.</p>
<p>However, some ETFs managed by Hashdex, Franklin Templeton, Valkyrie, and WisdomTree have not recorded new inflows, showing that competition remains fierce in this market.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>These financial moves indicate a <strong>increased interest of investors</strong> and suggest an improvement in market conditions after recent fluctuations.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>The SEC’s approval of spot Bitcoin ETFs in the United States has also contributed to this positive sentiment, paving the way for new financial products based on cryptos.</p>
<p>In conclusion, the record influx into Bitcoin ETFs <a href="https://www.cointribune.com/en/bitcoin-etfs-see-record-inflows-stabilizing-the-market/" target="_blank" rel="noopener noreferrer nofollow">stabilizes the market</a> and reinforces Bitcoin’s position as a key cryptocurrency. New investment structures continue to attract investors, promising a bright future for cryptocurrencies.</p>

Bitcoin: Massive inflow into ETFs, $310 million on the counter!

Tabla de contenidos

Cointribune EN

Otros artículos publicados el 14 jul 2024

Cryptocurrencies Surge After Market Rebound

Dogecoin (DOGE) Whales Cause Nearly $4 Billion Worth of Losses

Solana (SOL) to Skyrocket: Analysts Foresee 100% Growth

Brett (BRETT) Price Plunges 12% Amid The Flash Crypto Crash, But This New Meme Coin Rockets Towar...

Hedera Fails To Spark Investor Interest: Will It Crash More

Is Bitcoin’s Price at its Lowest Yet or Should Traders Be Patient?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!