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.
Michael Saylor, co-founder of the company now called Strategy and one of Bitcoin’s most vocal champions, says the next great migration of wealth will happen on the Bitcoin network.
Bitcoin’s roller-coaster days may be fading, and that shift could push the world’s largest digital asset into more professional portfolios, according to Coatue Management founder Philippe Laffont.
Truth Social, Donald Trump’s social-media platform, has quietly lodged paperwork for a fund that would hold both Bitcoin and Ethereum—marking the first time a Trump-linked business has ventured into the U.S. crypto-ETF arena.
Michael Saylor’s Strategy has just added 10,100 BTC—worth about $1.05 billion—to its balance sheet, lifting the company’s total stash to roughly 592,100 coins.