Bitcoin ETF

Bitcoin

Million

Grayscale Bitcoin Trust

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-attract-over-310-million" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Attract Over $310 Million</a><br></p>
<p style="text-align: justify">Spot <a href="https://en.bitcoinhaber.net/billionaire-brock-pierce-predicts-a-potential-bitcoin-bull-run-to-all-time-highs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) based in the United States experienced significant inflows totaling over $310 million on July 12. This marked the most successful day since June 5. The primary contributors to this impressive performance were BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted $120 million and $115.1 million, respectively.</p>
<h2 id="what-is-happening-in-the-etf-sector">What is Happening in the ETF Sector?</h2>
<p style="text-align: justify">Following close behind, Bitwise Bitcoin ETF fund secured third place with $28.4 million in inflows. Grayscale Bitcoin Trust (GBTC) showcased another rare inflow day, amassing $23 million. Additionally, VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF recorded $6 million and $4 million in inflows, respectively. However, other spot Bitcoin ETF funds issued by Hashdex, Franklin Templeton, Valkyrie, and WisdomTree did not see any inflows on that day.</p>
<p style="text-align: justify">The inflows on July 12 represent the largest since June 5, when spot Bitcoin ETF issuers attained $488.1 million. So far this week, Bitcoin ETF issuers have secured a total of $1.04 billion, highlighting a strong investor interest in these financial products.</p>
<h2 id="details-on-the-subject">Details on the Subject</h2>
<p style="text-align: justify">Since their launch a little over six months ago, spot Bitcoin ETF funds have gathered a net inflow of $15.8 billion. This figure accounts for over $18.6 billion in outflows from Grayscale’s primary Bitcoin product, which transitioned to a spot format following the approval from the US securities regulator in January. The Hashdex Bitcoin ETF fund (DEFI) was the only other fund to record a net outflow, albeit a minor $2 million.</p>
<h2 id="user-usable-inferences">User-Usable Inferences</h2>
<p style="text-align: justify">– Spot Bitcoin ETFs continue to draw significant investor interest.<br> – Major players like BlackRock and Fidelity are leading the inflow race.<br> – New spot Ethereum ETF funds might launch soon, pending regulatory approval.</p>
<p style="text-align: justify">Looking ahead, the ETF market appears poised for further growth, especially with the potential introduction of new Ethereum ETF funds. These developments underscore the dynamic nature of the cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investment</a> landscape and highlight the importance of staying informed about regulatory changes and market trends.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-attract-over-310-million" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Attract Over $310 Million</a></h5>

Bitcoin ETFs Attract Over $310 Million

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Alte articole publicate pe 13 iul. 2024

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