ETFs
Bitcoin ETFs See Strong Inflows as Eight in 10 Issuers Report Gains
Quick take
Bitcoin Exchange Traded Funds (ETFs) continued their upward momentum, marking the fourth consecutive trading day of capital inflows. On July 10, these funds recorded an inflow of $147.4 million, according to Other side This trend is notable due to the broad participation, with eight out of ten ETF issuers seeing inflows.
Farside data shows that Fidelity’s FBTC led the charge, with an inflow of $57.8 million, bringing its total net inflows to an impressive $9.6 billion. Closely followed by Franklin Templeton’s EZBC ETF, which saw its largest inflow since May 3, with $31.7 million, bringing its total net inflows to $377 million. BlackRock’s IBIT also saw a healthy increase of $22.2 million, bringing its total net inflows to a staggering $18.1 billion. Meanwhile, the Valkyrie Bitcoin Fund BRRR received $20.7 million, bringing its total net inflows to $517 million. Overall, the total inflows into Bitcoin ETFs now stand at $15.4 billion.
BTC ETF Flow Chart: (Source: Farside)
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