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US Bitcoin ETFs Registered Their Best Performance in 6 Weeks

17.07.2024 14:00 1 min. read Alexander Stefanov
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US Bitcoin ETFs Registered Their Best Performance in 6 Weeks

Momentum and investor faith appears to be sustained as US spot Bitcoin ETFs continued their winning streak for an 8th consecutive day on Tuesday.

After seeing a total of $300.9 billion in inflows on Monday (July 15), these ETFs performed even better on Tuesday, registering a total of $422.5 million in inflows.

For the day, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $260 million and Fidelity’s fund (FBTC) registered the second-largest inflows with a result of $61.1 million.

ARK’s 21Shares ETF (ARKB) ranked third with inflows of $29.8 million followed by VanEck’s (HODL) at $22 million.

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According to information provided by Farside, the total amount accumulated by all spot Bitcoin ETFs in the U.S. on July 16 signaled their best performance since June 5.

Alexander Stefanov
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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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