{"id":34339,"date":"2024-07-16T19:12:08","date_gmt":"2024-07-16T19:12:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-etfs-receive-300-million-inflows-extending-positive-streak\/"},"modified":"2024-07-16T19:12:08","modified_gmt":"2024-07-16T19:12:08","slug":"bitcoin-etfs-receive-300-million-inflows-extending-positive-streak","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-etfs-receive-300-million-inflows-extending-positive-streak\/","title":{"rendered":"Bitcoin ETFs receive $300 million inflows, extending positive streak"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BTC-ETF-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BTC-ETF-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BTC-ETF-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/07\/BTC-ETF-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>U.S. spot Bitcoin ETFs saw $301 million in net inflows on Monday.<\/li>\n<li>BlackRock\u2019s IBIT led with $117.25 million in inflows.<\/li>\n<li>Since January, total net inflows for BTC spot ETFs have reached $16.11 billion.<\/li>\n<\/ul>\n<p>Spot Bitcoin ETFs in the U.S. logged $301 million in net investments on Monday, marking the seventh consecutive day of positive growth driven by increasing investor interest in Bitcoin as a legitimate financial instrument.<\/p>\n<p>BlackRock\u2019s IBIT, the largest spot <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin-etf\/\">Bitcoin ETF<\/a> by net asset value, led the day\u2019s inflows with $117.25 million. Ark Invest and 21Shares\u2019 ARKB closely followed with $117.19 million in net inflows. This surge is part of a broader trend, with the ETFs collectively amassing $16.11 billion in net investments since their launch in January.<\/p>\n<p>Monday\u2019s inflows were accompanied by a notable trading volume of $2.26 billion across the 11 U.S.-based spot bitcoin ETFs. While this figure is significant, it remains lower than peak volumes in March, which exceeded $8 billion on several trading days. Nevertheless, the sustained investments show growing investor confidence and interest in Bitcoin ETFs.<\/p>\n<h3>Blackrock lends legitimacy to Bitcoin.<\/h3>\n<p>Larry Fink, CEO of BlackRock, recently described Bitcoin as a \u201clegitimate financial instrument\u201d in a CNBC interview, acknowledging a shift in his previously skeptical stance on the cryptocurrency. This endorsement from the head of the world\u2019s largest asset manager likely contributed to the surge in inflows for BlackRock\u2019s IBIT.<\/p>\n<p>Other ETFs, besides BlackRock\u2019s IBIT and Ark Invest\u2019s ARKB, also saw substantial inflows. Fidelity\u2019s FBTC recorded $36.15 million, Bitwise\u2019s BITB saw $15.24 million, and VanEck, Invesco, and Galaxy Digital also reported positive net inflows.<\/p>\n<p>On the other hand, Grayscale\u2019s GBTC, along with ETFs from Valkyrie, WisdomTree, and Hashdex, recorded zero net flows on Monday.<\/p>\n<p><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin\u2019s price<\/a> surged above $64,000, reaching $64,770 at the time of publication. This price rally followed a significant jump to nearly $63,000 on July 15, spurred by market reactions to Donald Trump\u2019s defiant response to an assassination attempt. The cryptocurrency\u2019s value continued to climb, driven by robust inflows into spot Bitcoin ETFs.<\/p>\n<h3>Growing investor confidence in ETFs<\/h3>\n<p>Matteo Greco, a research analyst at Fineqia International, noted that Bitcoin\u2019s price increase and the sustained capital towards ETFs reflect growing investor confidence. This trend has resulted in BTC spot ETFs managing over $51.3 billion in assets, representing more than 4.5% of the total Bitcoin supply.<\/p>\n<p>In addition to the positive developments for Bitcoin ETFs, the market is also anticipating the launch of spot Ether ETFs. Sources from two U.S. issuers have confirmed that these ETFs should debut on July 23. Analysts predict substantial investments into these ETFs, mirroring the success of Bitcoin ETFs, albeit adjusted for the differing market dynamics between Bitcoin and <a href=\"https:\/\/coinjournal.net\/news\/tag\/ethereum\/\">Ethereum<\/a>.<\/p>\n<p>The recent influx into digital asset investment products, totaling $1.44 billion last week, highlights the increasing mainstream acceptance and integration of cryptocurrencies into traditional financial markets. With Bitcoin recovering above $62,000 and maintaining its momentum, the continued interest in Bitcoin ETFs signals a promising future for cryptocurrency investment vehicles.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-etfs-receive-300-million-inflows-extending-positive-streak\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) U.S. spot Bitcoin ETFs saw $301 million in net inflows on Monday. BlackRock\u2019s IBIT led with $117.25 million in inflows. Since January, total net inflows for BTC spot ETFs have reached $16.11 billion. Spot Bitcoin ETFs in the U.S. logged $301 [&hellip;]<\/p>\n","protected":false},"author":3947362368,"featured_media":34340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34339"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362368"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34339"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34340"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}