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.
China’s biggest crypto hardware manufacturers are redrawing their maps. Faced with mounting U.S. tariffs on tech imports, Bitmain, Canaan, and MicroBT — firms that collectively dominate over 90% of the global bitcoin mining rig market — are moving parts of their production to the United States.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is gearing up to raise $330 million through a fresh offering of senior convertible notes maturing in 2031.
Bitcoin’s recent surge to $109,000 has been overshadowed by renewed conflict in the Middle East, with heightened tensions between Israel and Iran putting pressure on the market.
Macro strategist Luke Gromen believes that surging energy costs could set the stage for a dramatic rise in Bitcoin and gold, as inflationary pressure shakes confidence in traditional financial markets.