Bitcoin ETFs see almost $1 billion in inflows since Friday ahead of Ethereum ETF launches
The post Bitcoin ETFs see almost $1 billion in inflows since Friday ahead of Ethereum ETF launches appeared on BitcoinEthereumNews.com.
According to Farside data, Bitcoin ETFs experienced a notable surge in inflows on July 19, with a total net inflow of $427.2 million. Leading this inflow was BlackRock’s iShares Bitcoin Trust (IBIT), which recorded an impressive $116.2 million, marking a significant addition to its holdings. Fidelity’s Wise Origin Bitcoin Trust (FBTC) also saw substantial inflows, with $141 million added, reflecting strong investor interest and confidence. Date ETF Inflow ($M) July 19 iShares Bitcoin Trust (IBIT) 116.2 July 19 Fidelity Wise Origin Bitcoin Trust (FBTC) 141.0 July 19 Bitwise Bitcoin ETF (BITB) 44.6 July 19 Ark Invest Bitcoin ETF (ARKB) 43.6 July 19 Grayscale Bitcoin Trust (GBTC) 20.3 July 22 iShares Bitcoin Trust (IBIT) 526.7 July 22 Fidelity Wise Origin Bitcoin Trust (FBTC) 23.7 Farside data further indicates that Bitwise’s Bitcoin ETF (BITB) had an inflow of $44.6 million, while Ark Invest’s Bitcoin ETF (ARKB) reported an inflow of $43.6 million. Despite facing outflows, Grayscale’s Bitcoin Trust (GBTC) showed a $20.3 million inflow on this date. These figures highlight a robust overall trend in Bitcoin ETF investments, with total net inflows reaching substantial levels. The momentum continued on July 22, with Bitcoin ETF inflows peaking at $533.6 million. BlackRock’s IBIT dominated again with $526.7 million, and Grayscale saw zero flows. This strong performance suggests a resurgence in appetite for Bitcoin ETFs, signaling positive sentiment and potential for further digital asset market growth ahead of the anticipated Ethereum ETF launch today. The total inflow for spot Bitcoin ETFs in 2024 has now hit $17.585 billion. Latest Alpha Market Report Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to…
Filed under: News - @ July 23, 2024 8:12 am