Franklin

Bitcoin ETF

Bitcoin

<ul>
 <li>The spot Bitcoin ETF recorded an inflow of $310.21 million.</li>
 <li>Valkyrie digital assets, Franklin Templeton, WisdomTree, and Hashdex registered no inflows.</li>
</ul>
The crypto market is in a bearish trend, and amid this downturn, the U.S. spot Bitcoin exchange-traded funds (ETFs) had a significant net inflow. While the German government has been going through a strong selling spree throughout this week, the spot Bitcoin ETFs in the U.S. witnessed significant accumulation.&nbsp;
According to the SoSoValue <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data</a>, spot Bitcoin ETFs recorded a net inflow of $310.21 million on July 12, the highest <a href="https://thenewscrypto.com/u-s-spot-bitcoin-etf-inflows-surge-as-investors-capitalize-on-market-dip/" target="_blank" rel="noopener noreferrer nofollow">inflow</a> witnessed since the first week of June. In the last 24 hours, the BTC spot ETF with the largest single-day net inflow noted was BlackRock IBIT, with a single-day net inflow of $120 million. And the current total net inflow of IBIT is $18.26 billion. However, <a href="https://thenewscrypto.com/grayscales-spot-bitcoin-etf-gbtc-sees-first-inflows-since-debut/" target="_blank" rel="noopener noreferrer nofollow">GBTC</a> observed a single-day net inflow of $23.01 million; and the current historical net outflow of GBTC is $18.64 billion.&nbsp;
Meanwhile, the Fidelity FBTC noted a single-day net inflow of $115 million, and the current total net inflow of the FBTC is $9.72 billion. Ark Invest and 21 Shares ARKB witnessed $13.02 million in inflows, and the current total inflow stays at $2.5 billion. The Bitwise Bitcoin ETF inflows are at $28.42 million, while the VanEck Bitcoin Trust ETF and the Invesco Galaxy Bitcoin ETF followed with $6.56 million and $4.03 million in inflows, respectively.&nbsp;
On the other hand, the Valkyrie digital assets, Franklin Templeton, WisdomTree, and Hashdex-issued spot Bitcoin ETFs registered no inflows on the day. The cumulative net inflow has reached $15.81 billion, and the total net asset value of Bitcoin spot ETFs is $51.34 billion.&nbsp;
<h3 class="wp-block-heading" id="h-will-btc-recover-soon">Will BTC Recover Soon?</h3>
The BTC price has experienced a slight recovery of 1.86% in the last 24 hours. Over the last week, BTC marked a low in the range of $54K. The weekly high traded price is $59K.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeIhF--HJ9ELJ5_TlP7aUYi-wWw7NUDAwujkFTC1B764krSrigvRQSa92tn0Q3t9Pzp1zQCUztAXEPfpT3qT1JVVHGDNPRCWNjdHTJno6p3EzGWzp5-4hZk46Rm5fm1-hix9ghT2Yluqkpxd9GvHYsRwj6l?key=6tiYlKT24xlS26kbGysKHA" alt="">
 <figcaption class="wp-element-caption">BTC Price Chart (Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CMC</a>)
 </figcaption>
 </figure>
</div>
At the time of writing, Bitcoin is trading at $58,079. The daily trading volume has dropped by 18.84%, as per data from <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">CMC</a>.&nbsp;
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US Bitcoin ETFs See Net Inflow of $310M Amid Market Recovery

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