After US-based spot Bitcoin ETFs recorded their strongest day of net inflows in more than a month on July 8, they continued their positive performance on July 9.
Registering $295 million on July 8, it was the first time in three trading weeks that net inflows across all funds were positive,
On July 9, BlackRock’s ETF, the iShares Bitcoin Trust, saw the largest inflow among all funds for the second day in a row, attracting $121 million, and Fidelity’s Wise Origin Bitcoin Fund followed it with $91 million, reflecting a $30 million increase from the previous day.
In third place was the ARK 21Shares Bitcoin ETF (ARKB), with inflows of $43.3 million, which is quite an achievement considering that on July 8, this fund attracted just $8.4 million.
[redmore id=”132774″]Despite Monday’s positive result for the Grayscale Bitcoin Trust, yesterday the ETF again registered an outflow of $37.5 million.
Spot Bitcoin ETFs recorded a massive influx of over $1 billion in a single day on Thursday, fueled by Bitcoin’s surge to a new all-time high above $118,000.
As Bitcoin breaks above $118,000, fresh macro and on-chain data suggest the rally may still be in its early innings.
Bitcoin’s surge to new all-time highs is playing out differently than previous rallies, according to a July 11 report by crypto research and investment firm Matrixport.
Bitcoin surged past $116,000 on July 11, marking a new all-time high amid intense market momentum.