Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p>Bitcoin ETFs, still relevant? Are they still pertinent for your investments? While the crypto market faces ups and downs, Bitcoin ETFs have recorded a record influx, stabilizing the market and restoring investor confidence. Let’s see how these massive inflows influence the Bitcoin market and what it means for the future of key cryptocurrencies.</p>
<h2 id="record-influxes-of-bitcoin-etfs">Record influxes of Bitcoin ETFs</h2>
<p>Bitcoin ETFs, <a href="https://www.cointribune.com/en/bitcoin-the-sec-has-finally-approved-spot-etfs/" target="_blank" rel="noopener noreferrer nofollow">launched last January 10</a>, recently experienced an exceptional day, recording <strong>an influx of 310 million dollars on July 12</strong>, the largest in more than five weeks.</p>
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<p>This renewed interest clearly shows that investors still see <strong>Bitcoin (BTC) as a safe haven</strong>.</p> 
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<p>Among <strong>the market leaders</strong>, BlackRock’s iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund have respectively raised over 100 million dollars, reports <a href="https://x.com/FarsideUK/status/1811970658701611333" target="_blank" rel="noopener noreferrer nofollow">Farside Investors</a>. The Bitwise Bitcoin ETF also contributed and the Grayscale Bitcoin Trust reported a rare influx of over 20 million dollars.</p>
<ul>
 <li>BlackRock’s iShares Bitcoin Trust: 120 million dollars raised;</li>
 <li>Fidelity Wise Origin Bitcoin Fund: 115.1 billion dollars raised;</li>
 <li>Bitwise Bitcoin ETF: 28.4 million dollars raised;</li>
 <li>Grayscale Bitcoin Trust: 23 million dollars raised.</li>
</ul>
<p>These impressive figures highlight the growing adoption of Bitcoin within the traditional financial system.</p>
<p>According to an analyst, “<em>cryptocurrencies are increasingly establishing themselves as essential assets</em>.”</p>
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<h2 id="h-the-impact-of-etfs-on-the-crypto-market">The impact of ETFs on the crypto market</h2>
<p>The recent massive influx of funds into Bitcoin ETFs has propelled <strong>the total market value of ETFs to 15.8 billion dollars</strong> in one week.</p>
<p>Actors like the VanEck Bitcoin Trust ETF and the Invesco Galaxy Bitcoin ETF have also seen inflows, respectively of 6 million and 4 million dollars.</p>
<p>However, some ETFs managed by Hashdex, Franklin Templeton, Valkyrie, and WisdomTree have not recorded new inflows, showing that competition remains fierce in this market.</p>
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<p>These financial moves indicate a <strong>increased interest of investors</strong> and suggest an improvement in market conditions after recent fluctuations.</p>
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<p>The SEC’s approval of spot Bitcoin ETFs in the United States has also contributed to this positive sentiment, paving the way for new financial products based on cryptos.</p>
<p>In conclusion, the record influx into Bitcoin ETFs <a href="https://www.cointribune.com/en/bitcoin-etfs-see-record-inflows-stabilizing-the-market/" target="_blank" rel="noopener noreferrer nofollow">stabilizes the market</a> and reinforces Bitcoin’s position as a key cryptocurrency. New investment structures continue to attract investors, promising a bright future for cryptocurrencies.</p>

Bitcoin: Massive inflow into ETFs, $310 million on the counter!

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Ďalšie články zverejnené 14. 7. 2024

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