Bitcoin ETF

Giant

Spot

BlackRock's IBIT, the largest spot Bitcoin exchange-traded fund (ETF) by net asset value, reported a significant net inflow of $526.7 million on Monday. This marks the fund's largest single-day inflow since March 13.
<h2 id="blackrock-s-spot-bitcoin-etf-had-largest-net-inflow-since-mid-march-at-527-million">BlackRock's Spot Bitcoin ETF Had Largest Net Inflow Since Mid-March at $527 Million</h2>
According to SoSoValue data, there were a total of $533.57 million in net inflows into ten US spot Bitcoin ETFs yesterday, excluding Bitwise's BITB. Following IBIT, Fidelity's FBTC recorded a net inflow of $23.72 million, Invesco and Galaxy Digital's BTCO recorded $13.65 million, and Franklin Templeton's Bitcoin fund recorded a net inflow of $7.87 million.
In comparison, VanEck's HODL fund experienced a net outflow of $38.37 million. Other funds, including Grayscale's GBTC and Ark Invest and 21Shares' ARKB, reported no significant change in their flows on the day.
Since their approval in January this year, spot Bitcoin ETFs have generated a total of $17.59 billion in net inflows, with a combined market capitalization exceeding $62 billion.
Related News: <a href="https://en.bitcoinsistemi.com/delist-attack-from-bitcoin-exchange-okx-many-altcoin-trading-pairs-delisted-from-spot-transactions/" target="_blank" rel="noopener noreferrer nofollow">Delist Attack from Bitcoin Exchange OKX! Many Altcoin Trading Pairs Delisted from Spot Transactions!</a>
In another major development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) has approved registration forms for spot Ethereum ETFs from several issuers.
Senior Bloomberg ETF analyst Eric Balchunas previously predicted that Ethereum ETFs could attract 10 to 15% of the assets accumulated by spot Bitcoin ETFs.
Citigroup, meanwhile, estimated those funds could accumulate between $4.7 billion and $5.4 billion in the first six months of trading.
Approval of spot Ethereum ETFs could also pave the way for ETFs based on other altcoins, such as Solana. Issuers such as 21Shares and VanEck have already filed for spot Solana ETFs, but market experts believe they are unlikely to be approved in the near term.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/there-is-movement-in-us-spot-bitcoin-etfs-investment-giant-blackrocks-spot-bitcoin-etf-registers-largest-net-inflow-since-mid-march/" rel="noopener noreferrer nofollow">There is Movement in US Spot Bitcoin ETFs! Investment Giant BlackRock's Spot Bitcoin ETF Registers Largest Net Inflow Since Mid-March!</a>

There is Movement in US Spot Bitcoin ETFs! Investment Giant BlackRock's Spot Bitcoin ETF Registers Largest Net Inflow Since Mid-March!

Table of Contents

Bitcoin Sistemi EN

Autres articles publiés le 23 juil. 2024

Unify Platform AG and IKAR Holdings Forge Partnership to Revolutionize Crypto Market

MoonBag Amasses Huge Sign-Ups as Investors Abandon THORChain

Bitcoin ETF Holding Now Exceeds 900,000 BTC

Shiba Inu Burn Rate Skyrockets 545%, 52 Million XRP Shifted in 13 Hours, Toncoin Surges 170% in V...

Solana’s $57M whale move raises red flags – Here’s why

Elon Musk Shows Interest in Bitcoin and Tesla’s Actions

Join our free newsletter for daily crypto updates!