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!

Table of Contents

Cointribune EN

Muita 14. heinäk. 2024 julkaistuja artikkeleja

Explosive Clandeno (CLD) Expected to 25X As Pro-Crypto Trump Assassination Attempt Rallies ICO & ...

Which Altcoins Gained and Losed the Most This Week While Bitcoin and Ethereum Recovered?

Recent Attack on Former President Trump Triggers Significant Surge in Altcoin Prices

Donald Trump-Related Meme Coins Skyrocket After Shooting Incident

Donald Trump Issues Official Statement On Assassination Attempt

Tornado Cash developer Alexey Pertsev denied bail while preparing appeal

Join our free newsletter for daily crypto updates!