Bitcoin

Ethereum

<a href="https://optimisus.com/news/crypto-news/over-53-million-daily-net-inflow-was-recorded-into-the-us-spot-bitcoin-etfs/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds (ETFs)</a> experienced a substantial influx of $18 billion from July 15 to July 19, 2024, capturing the interest of investors and propelling them to unprecedented levels.On July 16, the market experienced a significant influx of $424 million, making it the highest inflow of the year. The iShares Bitcoin Trust (IBIT) from BlackRock took the lead with $141 million.Additional notable contributions were made by the Bitwise Bitcoin ETF (BITB) with a total of $44.5 million and VanEck’s HODL with a total of $41.7 million. Grayscale’s GBTC experienced a $20 million increase, suggesting a widespread belief in the future of Bitcoin and a rising interest in Bitcoin ETFs.FBTC and IBIT, two prominent institutional investors, have emerged as significant participants in the market, drawing substantial investments as a result of their impressive performance and esteemed reputations.The arrival of significant funds from institutional investors has had a beneficial effect on the market performance of Bitcoin. The price of <a href="https://optimisus.com/news/crypto-news/bitcoin-mining-profitability-is-at-historic-lows-despite-high-trading-values/" rel="noopener noreferrer nofollow">Bitcoin has surged</a> to $68,080, reflecting a 5% increase in the past 24 hours and a 14% increase over the week.This indicates a robust correlation between the influx of funds into ETFs and the market performance of Bitcoin. The market prognosis remains bullish, with forecasts suggesting a 10% increase in the worldwide cryptocurrency industry.

Bitcoin ETFs saw a record $18 billion inflow between July 15-19, 2024

Optimisus

Alte articole publicate pe 22 iul. 2024

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