Bitcoin ETF

Wednesday

Bitcoin

Spot

Grayscale Bitcoin Trust

Spot Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) <a href="https://crypto.news/the-end-of-etf-euphoria-will-there-be-a-recovery-for-bitcoin/">ETFs</a> in the U.S. recorded impressive inflows on July 8, triggering a market-wide bullish momentum.&nbsp; 
According to <a href="https://farside.co.uk/?p=997" target="_blank" rel="">data</a> provided by Farside Investors, spot BTC ETFs saw $294.8 million in net inflows on Monday — a level last seen on June 5. Data shows that most of the inflows, worth $187.2 million, came from BlackRock’s iShares Bitcoin Trust (IBIT). 
IBIT is getting close to the $18 billion mark, currently at $17.92 billion, in total net inflows. 
Moreover, the Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $61.5 million in inflows, with its total amount reaching $9.42 billion.&nbsp; 
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Interestingly, the third-largest inflow on July 8 came from the Grayscale Bitcoin Trust (GBTC), worth $25.1 million.&nbsp; 
In addition, ARK 21Shares Bitcoin ETF (ARKB), Bitwise Bitcoin ETF (BITB) and VanEck Bitcoin Trust (HODL) brought $11 million, $8.4 million and $1.6 million in inflows, respectively.&nbsp; 
Following the Monday gains, the total amount of spot <a href="https://crypto.news/what-is-bitcoin-etf-and-which-companies-applied-for-it-in-the-us/">BTC ETF</a> net inflows has surpassed the $15 billion mark despite the $18.5 billion worth of outflows from GBTC, per data from Farside Investors.&nbsp; 
As the inflows surge, the global cryptocurrency market capitalization increased by 4.2% in the past 24 hours, reaching $2.22 trillion, according to <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="">data</a> provided by CoinGecko. The total daily trading volume rallied by around 30% and is currently hovering around $117 billion. 
The top two cryptocurrencies, Bitcoin and Ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>), hiked by 3.5% and 5.5% respectively. BTC is trading at $57,650 and ETH is changing hands at $3,080 at the time of writing.&nbsp; 
 Read more: <a href="https://crypto.news/german-government-sends-over-16000-btc-to-exchanges/"> German government sends over 16,000 BTC to exchanges </a>

Spot BTC ETFs see $295m in inflows, triggering market-wide rebound

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