The post Bitcoin ETF Inflow Draws Over $1 Billion Over Three Days appeared on BitcoinEthereumNews.com.

Key Points: Bitcoin ETFs attracted over $1 billion in inflows over the past three trading days, with July 16 marking the highest single-day inflow since June 5. BlackRock’s IBIT and Fidelity’s FBTC led the Bitcoin ETF inflows, with IBIT pulling in $260 million and FBTC attracting $61.1 million. The substantial inflows indicate growing investor confidence and strong institutional support for Bitcoin. Bitcoin exchange-traded funds (ETFs) have seen a significant surge in capital inflows over the past three trading days, totaling over $1 billion. Read more: Bitcoin ETF Inflow Sees Surge Admid Market Downturn Bitcoin ETF Inflow Surges With Over $1 Billion in Three Days According to data from HODL15Capital, the Bitcoin ETF inflow on July 12 was approximately $310 million, followed by $301 million on July 15, and a remarkable $422 million on July 16. July 16 marked the highest single-day Bitcoin ETF inflow since June 5, with U.S. spot bitcoin ETFs attracting $422.67 million. BlackRock’s IBIT led the way, pulling in $260 million, which increased its Bitcoin holdings to 322,125.41 BTC, valued at over $20 billion. Fidelity’s FBTC attracted $61.1 million, while other ETFs, including ARK 21Shares Bitcoin ETF (ARKB), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and CoinShares Valkyrie Bitcoin Fund (BRRR), also saw positive contributions. Investor Confidence in Bitcoin Grows with Substantial Inflows The substantial inflows underscore growing investor confidence in Bitcoin’s price prospects. Since the launch of spot Bitcoin ETFs in January, these funds collectively hold $58.46 billion in BTC, representing around 4.58% of Bitcoin’s market capitalization. This week’s price increase and the large inflow of funds into U.S. spot Bitcoin ETFs highlight the increasing institutional support and interest in Bitcoin as a key asset. Nate Geraci, founder of the ETF Institute, commented on the strong inflows, noting the robust institutional backing for Bitcoin…

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Filed under: News - @ July 17, 2024 4:18 pm