Bitcoin Spot ETFs Surge: $1.18B Inflows Drive New Highs
The post Bitcoin Spot ETFs Surge: $1.18B Inflows Drive New Highs appeared on BitcoinEthereumNews.com. Bitcoin spot ETFs saw a dramatic $1.18 billion inflow in a single day. The surge in ETF investments pushed Bitcoin to a historic price peak of $118,760. Large-scale institutional buying is reshaping the dynamics of the crypto market. According to Sosovalue data, on July 10, the inflows of Bitcoin spot ETFs amounted to 1.18 billion dollars, which is the second-highest single-day figure of all time. The institutional demand took Bitcoin to a new all-time high of $118,760. Source – Sosovalue U.S. spot Bitcoin ETF trading volumes have increased to an all-time high, with BlackRock’s IBIT topping inflows at just over $448.5 million and Fidelity FBTC not far behind at slightly over $324.34 million. Net inflows of more than $51 billion into Bitcoin spot ETFs were generated by this influx of capital. Institutional Demand Fuels Bitcoin’s Record Rally Asset managers, corporate treasuries, and wealth platforms continue to demand, according to the latest inflow statistics. Seven of the twelve Bitcoin funds experienced net inflows, with IBIT being the leader and FBTC following it. The steady flow of funds into the regulated ETF products has changed the market dynamics of Bitcoin, where big investors have upped their investment.” What we are experiencing is not a retail-driven madness, but a stable supply of capital, flowing out of asset managers, corporate treasurers, and wealth platforms, finally entering the market. Weeks of uninterrupted inflows prove that,” one of the market observers said. The price of Bitcoin followed the momentum of the ETF, and it reached a high of above $118,450 before declining to $118,140. The new record of $118,760 for the token revealed the influence of ETF-fed demand on the price exploration. ETF Flows Reshape Crypto Market Structure Inflows of ETFs are now one of the characteristics of the institutionalization of Bitcoin.…
The post Bitcoin Spot ETFs Surge: $1.18B Inflows Drive New Highs appeared on BitcoinEthereumNews.com.
Bitcoin spot ETFs saw a dramatic $1.18 billion inflow in a single day. The surge in ETF investments pushed Bitcoin to a historic price peak of $118,760. Large-scale institutional buying is reshaping the dynamics of the crypto market. According to Sosovalue data, on July 10, the inflows of Bitcoin spot ETFs amounted to 1.18 billion dollars, which is the second-highest single-day figure of all time. The institutional demand took Bitcoin to a new all-time high of $118,760. Source – Sosovalue U.S. spot Bitcoin ETF trading volumes have increased to an all-time high, with BlackRock’s IBIT topping inflows at just over $448.5 million and Fidelity FBTC not far behind at slightly over $324.34 million. Net inflows of more than $51 billion into Bitcoin spot ETFs were generated by this influx of capital. Institutional Demand Fuels Bitcoin’s Record Rally Asset managers, corporate treasuries, and wealth platforms continue to demand, according to the latest inflow statistics. Seven of the twelve Bitcoin funds experienced net inflows, with IBIT being the leader and FBTC following it. The steady flow of funds into the regulated ETF products has changed the market dynamics of Bitcoin, where big investors have upped their investment.” What we are experiencing is not a retail-driven madness, but a stable supply of capital, flowing out of asset managers, corporate treasurers, and wealth platforms, finally entering the market. Weeks of uninterrupted inflows prove that,” one of the market observers said. The price of Bitcoin followed the momentum of the ETF, and it reached a high of above $118,450 before declining to $118,140. The new record of $118,760 for the token revealed the influence of ETF-fed demand on the price exploration. ETF Flows Reshape Crypto Market Structure Inflows of ETFs are now one of the characteristics of the institutionalization of Bitcoin.…
What's Your Reaction?
