Bitcoin ETF

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Grayscale Bitcoin Trust

BlackRock’s iShares Bitcoin Trust (IBIT) now holds over $18 billion in Bitcoin (<a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) as inflows continue into the <a href="https://crypto.news/the-end-of-etf-euphoria-will-there-be-a-recovery-for-bitcoin/" rel="noopener noreferrer nofollow">ETFs</a>.&nbsp;
According to <a href="https://farside.co.uk/?p=997" target="_blank" rel="noopener noreferrer nofollow">data</a> provided by Farside Investors, spot BTC ETFs saw $216.4 million in inflows on Tuesday, recording their third day of consecutive inflows. The total amount of inflows currently stands at $15.2 billion.
Data shows that the IBIT ETF saw $121 million in inflows on July 9 — helping the investment product surpass a total market cap of $18.04 billion. Interestingly, BlackRock’s spot <a href="https://crypto.news/what-is-bitcoin-etf-and-which-companies-applied-for-it-in-the-us/" rel="noopener noreferrer nofollow">BTC ETF</a> witnessed only one day of net outflows on May 1, worth $36.9 million.&nbsp;
On the other hand, Grayscale Bitcoin Trust (GBTC) recorded $37.5 million in net outflows. Notably, the investment product saw $25.1 million in inflows on July 8 as the week started with a market-wide bullish momentum.
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The GBTC ETF has seen more than $18.6 billion in net outflows since the investment product launched in the U.S.
Bitwise Bitcoin ETF (BITB) also witnessed downward momentum with $4.7 million in outflows.
Fidelity Wise Origin Bitcoin Fund (FBTC), ARK 21Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL) also assisted with $91 million, $43.3 million and $3.3 million in net inflows, respectively.&nbsp;
While yesterday’s inflows are smaller than Monday’s <a href="https://crypto.news/spot-btc-etfs-see-295m-in-inflows-triggering-market-wide-rebound/" rel="noopener noreferrer nofollow">$295 million</a>, it still helped maintain the bullish momentum in the crypto ecosystem.
Consequently, Bitcoin reached an intraday high of $59,400 for the first time in a week. The flagship cryptocurrency is trading at $59,200 at the time of writing.&nbsp;
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BlackRock’s IBIT ETF holds $18b in BTC amid continuous inflows

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