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Fidelity Leads Bitcoin ETF Inflow With $141 Million

Key Points:

U.S. Bitcoin ETFs saw $383.6 million in inflows on July 19, with Fidelity’s FBTC leading at $141 million, followed by BlackRock’s IBIT and others.
Bitcoin’s price rose by 4.2% to over $67,000, accompanied by high trading volumes, including $1.7 billion for IBIT and $600 million for FBTC.
Bitcoin ETF inflow boosts market optimism with spot Ethereum ETFs about to start trading.

On July 19, U.S. Bitcoin ETFs saw a remarkable surge with total inflows reaching $383.6 million, according to Farside Investors.

Bitcoin ETF Inflow Experiences Surge in Trading Volumes

Fidelity’s FBTC fund led the. Bitcoin ETF inflow with an impressive $141 million influx, followed by BlackRock’s IBIT with $116.2 million. Bitwise’s BITB and VanEck’s HODL also contributed significantly, with $44.6 million and $41.8 million respectively. Grayscale’s GBTC added another $20 million to the day’s total.

The surge of Bitcoin ETF inflow marked a notable rebound, approaching $400 million for the second time within a week. Over the past ten days, BlackRock’s IBIT has garnered more than $1.3 billion in inflows, showcasing its dominant position in the market. Meanwhile, Fidelity’s FBTC distinguished itself on Friday, nearing a significant milestone with its assets under management (AUM) standing at $9.962 billion.

Ethereum ETF Approval Sparks Optimism

Trading volumes reflected the high investor confidence, with BlackRock’s IBIT reaching $1.7 billion and Fidelity’s FBTC $600 million. This uptick in trading activity coincided with Bitcoin’s price climbing an additional 4.2% to surpass $67,000. Despite a brief dip to $62,800 last week following Mt. Gox‘s $5.8 billion Bitcoin transfer, the market quickly rebounded due to robust ETF buying.

Optimism is also growing for spot Ethereum ETFs, with anticipation building for their potential approval and launch next week. Ether (ETH) prices increased by 2.6% on Friday, as issuers await the final decision from the SEC, further fueling the positive sentiment in the cryptocurrency market.

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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.