Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etf-funds-record-significant-inflows/" data-wpel-link="internal">Bitcoin ETF Funds Record Significant Inflows</a><br></p>
<p class="p1" style="text-align: justify">United States-based spot Bitcoin exchange-traded funds (ETFs) recorded over $310 million in inflows on July 12, marking the best-performing day since June 5. According to Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw the majority of the flows, with $120 million and $115.1 million, respectively.</p> 
<h2 class="p1" style="text-align: justify" id="what-is-happening-in-the-etf-sector">What is Happening in the ETF Sector?</h2> 
<p class="p1" style="text-align: justify">Bitwise Bitcoin ETF fund ranked third with $28.4 million, while Grayscale Bitcoin Trust (GBTC) recorded another rare inflow day with $23 million. VanEck Bitcoin Trust ETF and Invesco Galaxy Bitcoin ETF also recorded $6 million and $4 million in inflows. Meanwhile, spot Bitcoin ETF funds issued by Hashdex, Franklin Templeton Valkyrie, and WisdomTree did not record any inflows during the day.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370377 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/farside.png" alt="" width="805" height="479"></p> 
<p class="p1" style="text-align: justify">It was the largest inflow day since June 5, when spot Bitcoin ETF issuers reached $488.1 million in flows. The calculation for July 12 indicates that Bitcoin ETF issuers have obtained a total of $1.04 billion this week.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-370376" src="https://coin-turk.com/wp-content/uploads/2024/07/josh.png" alt="" width="500" height="408"></p> 
<p class="p1" style="text-align: justify">Spot Bitcoin ETF funds have accumulated $15.8 billion in net inflows since the products were launched a little over six months ago. This figure includes over $18.6 billion in outflows from Grayscale’s flagship Bitcoin product, which was converted to a spot form following approval from the US securities regulator in January.</p> 
<h2 class="p1" style="text-align: justify" id="details-on-the-subject">Details on the Subject</h2> 
<p class="p1" style="text-align: justify">Hashdex Bitcoin ETF fund (DEFI) was the only other Bitcoin ETF fund with a net outflow, but it was a relatively small amount of $2 million. According to CoinGecko <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, Bitcoin increased by 1.1% in the last 24 hours and is currently trading at $57,858, although it has dropped by about 15% in the past month and is now 21% away from its all-time high.</p> 
<p class="p1" style="text-align: justify">According to Nate Geraci, President of The ETF Store, some of these Bitcoin ETF issuers are now preparing to launch spot <a href="https://en.coin-turk.com/ethereums-realized-market-value-reaches-highest-level-in-8-months/" data-wpel-link="internal">Ethereum</a> ETF funds as early as next week. These issuers are now waiting for the US securities regulator to sign off on amended S-1 registration statements after receiving the first round of feedback late last month.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-etf-funds-record-significant-inflows/" data-wpel-link="internal">Bitcoin ETF Funds Record Significant Inflows</a></h5>

Bitcoin ETF Funds Record Significant Inflows

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