Strong

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-etfs-see-strong-net-inflows-in-the-us/" data-wpel-link="internal">Spot Bitcoin ETFs See Strong Net Inflows in the US</a><br></p>
<p style="text-align: justify">On Tuesday, spot <strong><a href="https://en.coin-turk.com/bitcoin-beach-teaching-bitcoin-to-children-in-el-salvador/" data-wpel-link="internal">Bitcoin</a></strong> ETFs in the US experienced strong net inflows totaling $216.33 million, marking the third consecutive day of positive investment activity in this sector. BlackRock’s IBIT ETF underscored its dominant market position with a net inflow of $121.03 million. Following closely was Fidelity’s FBTC with a net inflow of $90.95 million, indicating strong investor confidence in these financial products.</p> 
<h2 style="text-align: justify" id="how-are-other-etfs-performing">How Are Other ETFs Performing?</h2> 
<p style="text-align: justify">Ark Invest and 21Shares’ <strong>ARKB</strong> ETF also saw significant inflows of $43.3 million, while VanEck’s Bitcoin fund recorded an inflow of $3.27 million. However, not all ETFs gained, as Grayscale’s GBTC reported an outflow of $37.5 million and Bitwise’s BITB saw a net outflow of $4.72 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-369280 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-etf.png" alt="" width="1614" height="760"></p> 
<p style="text-align: justify">In total, trading activity in these 11 spot Bitcoin ETFs reached $1.19 billion on Tuesday alone, reflecting significant market participation and liquidity. Since their introductions in January, these ETFs have collectively attracted net inflows of $15.27 billion, indicating growing institutional and individual interest in Bitcoin as an investment asset.</p> 
<h2 style="text-align: justify" id="bitcoin-price-increased">Bitcoin Price Increased</h2> 
<p style="text-align: justify">In terms of <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market performance</a>, Bitcoin’s price increased by 1.58% in the last 24 hours, reaching $58,154. This rise follows the cryptocurrency’s recovery from the low levels near $54,000 observed last Friday.</p> 
<p style="text-align: justify">Developments surrounding the defunct crypto exchange <strong>Mt. Gox</strong>, which has begun moving its Bitcoin assets as part of a $9 billion repayment process, contributed to market sentiment.</p> 
<h2 style="text-align: justify" id="powell-s-statements-had-a-positive-impact">Powell’s Statements Had a Positive Impact</h2> 
<p style="text-align: justify">In this context, US Federal Reserve Chairman <strong>Jerome Powell</strong> spoke on Capitol Hill, stating that the US economy no longer shows signs of overheating. Powell reassured investors amid ongoing economic <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> releases, emphasizing that the labor market appears “fully balanced.”</p> 
<p style="text-align: justify">Key reports expected later in the week, including initial jobless claims and the consumer price index, are anticipated to provide further insights into economic trends and their potential impacts on <a>financial markets</a>.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/spot-bitcoin-etfs-see-strong-net-inflows-in-the-us/" data-wpel-link="internal">Spot Bitcoin ETFs See Strong Net Inflows in the US</a></h5>

Spot Bitcoin ETFs See Strong Net Inflows in the US

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