Bitcoin

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<p><a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778">Bitcoin</a> ETFs have recently made another significant move despite the overall bearish momentum. The popular on-chain analytics company SpotOnChain has revealed that the overall net inflows of Bitcoin ETFs have reached above $143 million in terms of value on July 5. The platform took to its official X account to disclose the particular statistics in this respect.</p> 
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   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ETF</a> Net Inflow July 5, 2024: +$143M!<br><br>• The 10 US Bitcoin ETFs received a net inflow of $238M with inflows on 2 out of 4 trading days this week, despite the <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> price dropping 7%.<br><br>• Only <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Grayscale</a> (GBTC) saw an outflow yesterday.<br><br>• <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BlackRock</a> (IBIT) had a net flow… <a href="https://t.co/27gGIVOLDr" target="_blank">pic.twitter.com/27gGIVOLDr</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1809436299990020104?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 6, 2024</a>
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<h2 class="wp-block-heading" id="bitcoin-etfs-secure-143m-in-net-inflow-on-july-5">Bitcoin ETFs Secure $143M in Net Inflow on July 5</h2> 
<p>SpotOnChain noted in its recent X post that this development plays the role of a very positive move. While the price of the chief cryptocurrency has gone through a huge decline, these inflows indicate investor confidence. In addition to this, the analytics firm also pointed out the performance of the Bitcoin exchange-traded funds throughout this week.</p> 
<p>According to it, the well-known ten BTC ETFs in the United States saw $238M in inflows during this period. However, it also brought to the front that the top crypto asset experienced a dip of more than seven percent in the meantime. Nonetheless, the ETF sector is making good progress in this respect. <a href="https://spotonchain.com/" target="_blank" rel="noopener">SpotOnChain</a> also mentioned the individual inflow of the BTC ETFs in its post.</p> 
<h2 class="wp-block-heading" id="fidelity-bitcoin-etf-sees-tops-the-list-with-117-4-in-daily-inflow">Fidelity Bitcoin ETF Sees Tops the List with $117.4 in Daily Inflow</h2> 
<p>As per the on-chain analytics platform, just one ETF named Grayscale (GBTC) recorded outflows on the 5<sup>th</sup> of July. Nonetheless, some exchange-traded funds also witnessed $0 flows. These ETFs take into account BTCW, EZBC, BTCO, BRRR, and IBIT. On the other hand, HODL, BITB, ARKB, and FBTC secured, $12.9M, $30.2M, $11.3M, and $117.4M in net inflows respectively.</p>

Bitcoin ETFs See a Net Inflow of Above $143 Million on July 5

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BlockchainReporter

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