Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin ETFs Inflows Show Strong Investor Confidence

Bitcoin ETFs Inflows Show Strong Investor Confidence

Cryptodnes2024/07/16 12:19
By:Cryptodnes

Following Bitcoin's price surge to over $60,000 on July 14 and subsequent strong performance through July 16, investors in BTC ETFs appear to be maintaining their confidence in the asset.

At the time of writing, BTC was trading at around $63,220, having briefly broken $65,000 on Binance in the early hours of the day.

On Friday, July 12, U.S.-based spot Bitcoin ETFs saw inflows of $310.1 million, their best result since June 5. For the entire week beginning July 8 and ending July 12, inflows totaled about $1.047 billion.

Investor momentum and faith doesn’t seem to be waning, as on Monday (July 15) these ETFs realized a total of $300.9 billion in inflows.

Bitcoin ETFs Inflows Show Strong Investor Confidence image 0

According to Farside, the majority of those inflows were directed to BlackRock’s ETF (IBIT) and the ARK 21Shares Bitcoin ETF (ARKB), which saw equal amounts – $117.2 million.

READ MORE:
Ethereum Set to Outshine Bitcoin Post Spot ETF Launch, Predicts Kaiko

They were followed by the Fidelity Wise Origin Bitcoin Fund (FBTC), which registered $36.1 million.

VanEck’s ETF (HODL) and that of Invesco (BTCO) also saw inflows, but much more modest, registering $3.6 million and $7.9 million, respectively.

SHARE: SHARES
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!