Home » Spot Bitcoin ETFs With Their Best Performance Since the Beginning of June

Spot Bitcoin ETFs With Their Best Performance Since the Beginning of June

09.07.2024 12:00 1 min. read Alexander Stefanov
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Spot Bitcoin ETFs With Their Best Performance Since the Beginning of June

Against the backdrop of the crypto market, U.S.-based spot Bitcoin ETFs registered their strongest day of net inflows in more than a month.

This is the first time in three trading weeks that net inflows across all funds were positive, registering $295 million on July 8.

In addition, the inflows achieved marked the most significant inflow since June 5, when they reached more than $488 million.

BlackRock’s ETF, the iShares Bitcoin Trust, saw the largest inflows with a result of $187.2 million, while Fidelity’s Wise Origin Bitcoin Fund followed with $61.5 million.

The Grayscale Bitcoin Trust had a rare positive day, receiving inflows of $25.1 million.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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