Bitcoin

Spot

On Monday, U.S. spot bitcoin ETFs saw $129.45 million in net inflows, marking the fifth consecutive day of positive flows and the highest intake since June 7. 
According to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" data-type="link" data-id="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="noreferrer noopener nofollow">SosoValue data</a>, leading the charge was Fidelity’s FBTC, attracting $65 million in net inflows, followed closely by Bitwise’s BITB with $41 million. Ark Invest and 21Shares’ ARKB also saw significant inflows, totaling $13 million. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img fetchpriority="high" decoding="async" width="1024" height="435" src="https://www.cryptotimes.io/wp-content/uploads/2024/07/U.S.-Spot-Bitcoin-ETFs-Record-129-Million-Net-Inflows-on-July-2-1024x435.png" alt="U.S. Spot Bitcoin ETFs Record $129 Million Net Inflows on July 2Source :" class="wp-image-187762" srcset="https://www.cryptotimes.io/wp-content/uploads/2024/07/U.S.-Spot-Bitcoin-ETFs-Record-129-Million-Net-Inflows-on-July-2-1024x435.png 1024w, https://www.cryptotimes.io/wp-content/uploads/2024/07/U.S.-Spot-Bitcoin-ETFs-Record-129-Million-Net-Inflows-on-July-2-800x340.png 800w, https://www.cryptotimes.io/wp-content/uploads/2024/07/U.S.-Spot-Bitcoin-ETFs-Record-129-Million-Net-Inflows-on-July-2-768x326.png 768w, https://www.cryptotimes.io/wp-content/uploads/2024/07/U.S.-Spot-Bitcoin-ETFs-Record-129-Million-Net-Inflows-on-July-2-860x365.png 860w, https://www.cryptotimes.io/wp-content/uploads/2024/07/U.S.-Spot-Bitcoin-ETFs-Record-129-Million-Net-Inflows-on-July-2.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Bitcoin Spot ETF Inflow Chart – Source: SosoValue
 </figcaption>
 </figure>
</div> 
In comparison, Invesco, Galaxy Digital, VanEck, and Franklin Templeton recorded more modest inflows of approximately $5 million or less. In contrast, BlackRock’s IBIT and Grayscale’s GBTC, the largest ETFs by net asset value, reported no net flows on Monday. 
The 11 bitcoin ETFs collectively traded about $1.36 billion on Monday, reflecting robust investor activity, while bitcoin’s price dipped 0.3% to settle at $63,094 on The Block’s bitcoin price page, recovering from lows under $60,000 last week but staying below early June highs of over $71,000. 
Looking ahead, analysts at QCP Capital noted a positive seasonal trend historically observed for both bitcoin and ether in July. Coinbase analysts echoed this sentiment, reinforcing expectations of favorable market performance during the month. 
Substantial ETF inflows and stable price movements indicate ongoing investor confidence in bitcoin amid recent volatility, with the trajectory of these ETFs and bitcoin’s price pivotal in shaping broader market sentiment as regulatory clarity evolves and market conditions adjust. 
The ongoing strong inflows into U.S. spot bitcoin ETFs reflect continued investor interest despite recent price fluctuations. As July progresses, market participants will likely keep a close watch on these ETFs and broader cryptocurrency market movements. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/14/us-spot-bitcoin-etfs-witness-226m-net-outflow-on-june-13/" target="_blank" rel="noreferrer noopener">US Spot Bitcoin ETFs Witness $226M Net Outflow on June 13</a> 
</blockquote>

U.S. Spot Bitcoin ETFs Record $129M Net Inflows on July 1

The Crypto Times

Các bài viết khác được xuất bản trên 2 thg 7, 2024

XRP Price Stagnates Below $0.50 as SEC vs. Ripple Verdict Looms

Analyst Predicts Significant Price Increase for WIF

Exclusive: navigating regulatory hurdles in the asset tokenization market

Crypto: Shiba Inu, The Ideal Companion for Your Tech Expenses

Crypto and AI: South Korea’s 2nd Largest Chipmaker to Boost Innovation with $75B Investment by 2028

Bitcoin price growth lagged crypto mining stocks following halving, data shows

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!