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Bitcoin ETF Inflow Draws Over $1 Billion Over Three Days

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.

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 ETFs. The significant contributions from leading funds like BlackRock’s IBIT and Fidelity’s FBTC emphasize the growing role of Bitcoin ETFs in the broader financial market.

Currently, Bitcoin is priced at $65,300, with a 24-hour trading volume of $107 billion and a market cap of $1.28 trillion. The BTC price has risen by 2.1% in the past 24 hours. Bitcoin’s all-time high was $73,600, reached on March 14, 2024.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.