HODL

Bitcoin

Spot

Bitcoin spot ETFs have been on fire lately. Yesterday, they saw a net inflow of $486 million, making it the 12th day in a row with positive inflows. The ETFs now have a total net asset value of $62.115 billion. 
BlackRock’s IBIT <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">led</a> the way with an impressive single-day net inflow of $527 million. Fidelity’s ETF, FBTC, followed behind with $23.7227 million.&nbsp; 
At press time, the cumulative total net inflow is $17.54 billion. IBIT now manages $19.5 billion in assets. Fidelity’s FBTC is managing nearly $10 billion. 
<img loading="lazy" decoding="async" class="alignnone wp-image-559186 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58.png" alt="Spot Bitcoin ETFs continue streak with $486M in net inflows" width="2108" height="862" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58.png 2108w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58-300x123.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58-1200x491.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58-768x314.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58-1536x628.png 1536w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/BTCUSD_2024-07-23_16-51-58-2048x837.png 2048w" sizes="(max-width: 2108px) 100vw, 2108px"> 
Bitcoin’s price has been all over the place. After staying around the mid-$50,000 range for months, it jumped to about $68,600, a 22% increase from last week’s low.&nbsp; 
This rise came despite some market pressures, like Germany selling tens of thousands of BTC and the FUD with Mt. Gox repayments, which had initially pushed prices down. 
But over the past five days, Bitcoin’s price has struggled to stay above $68,000 despite the strong inflows. Investor sentiment seems bullish though. People are buying into the dips, showing long-term commitment to the crypto diva. 
<img loading="lazy" decoding="async" class="alignnone wp-image-554691 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-at-07.29.06.jpg" alt="Spot Bitcoin ETFs continue streak with $486M in net inflows" width="1920" height="991" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-at-07.29.06.jpg 1920w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-at-07.29.06-300x155.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-at-07.29.06-1200x619.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-at-07.29.06-768x396.jpg 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-13-at-07.29.06-1536x793.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px"> 
Other ETFs, like Grayscale’s GBTC on NYSE and Ark &amp; 21Shares’ ARKB on CBOE, show varying levels of inflow and asset management. 
GBTC has faced challenges, with no inflow and a cumulative net outflow of $18.69 billion. ARKB, managing $3.39 billion, has maintained steady performance. 
Bitwise’s BITB on NYSE had an outflow of $47.69 million but still manages $2.7 billion. VanEck’s HODL on CBOE saw an outflow of $38.37 million but manages $748.3 million. Valkyrie’s BRRR on NASDAQ is holding steady with $524.71 million in assets. 
<img loading="lazy" decoding="async" class="alignnone wp-image-559181 size-full" src="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-16.27.55.jpg" alt="Spot Bitcoin ETFs continue streak with $486M in net inflows" width="1920" height="1057" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-16.27.55.jpg 1920w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-16.27.55-300x165.jpg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-16.27.55-1200x661.jpg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-16.27.55-768x423.jpg 768w, https://www.cryptopolitan.com/wp-content/uploads/2024/07/Screenshot-2024-07-23-at-16.27.55-1536x846.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px"> 
Invesco’s BTCO on CBOE saw an inflow of $13.65 million, managing $543.78 million. Franklin’s EZBC on CBOE received $7.87 million in inflows, managing $464.31 million. 
WisdomTree’s BTCW on CBOE, with no new inflows, manages $89.34 million. Lastly, Hashdex’s DEFI on NYSE, despite a small outflow, manages $12.48 million.

Spot Bitcoin ETFs continue streak with $486M in net inflows

Cryptopolitan_News

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