🔥 Bitcoin ETFs Rake In $363M—Biggest Daily Inflow of the Week! 💰🚀
The US spot Bitcoin ETFs (exchange-traded funds) have been doing well in recent weeks, attracting substantial money. Since US crypto sentiment has never been higher, this upward trend is expected.
President Donald Trump signed the first crypto measure, GENIUS Act, into law on Friday, July 18. The spot Bitcoin ETFs saw enough green to maintain their daily capital inflows the same day.
Bitcoin ETFs Close Week With $363 Million Daily Inflow
Recent market data shows a $363.45 million daily net inflow in the US Bitcoin ETF market on Friday, July 18. This was the 12th straight day of positive cash inflows for crypto-linked investments.
As predicted, BlackRock's iShares Bitcoin Trust (IBIT) gained $496.75 million in value on Friday. With almost $90 billion in assets under management, the biggest Bitcoin ETF continues to amaze.
WisdomTree's Bitcoin Trust (BTCW) was the only other Bitcoin ETF with positive inflow last week. On Friday, SoSoValue reported a $3.11 million capital inflow for the exchange-traded fund, its first since late March and April withdrawals.
The only other Bitcoin ETFs with investor activity on Friday were Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), ARK 21Shares ETF (ARKB), Bitwise Bitcoin ETF (BITB), and VanEck Bitcoin ETF. To end the week, these exchange-traded funds lost $136.42 million.
Despite these withdrawals, Bitcoin ETFs saw their 12th consecutive day of strong net inflows. Crypto-linked goods saw their second straight week of $2 billion inflows, with $2.39 billion last week.
Another $2-billion performance for US-based Bitcoin ETFs was matched by a milestone Bitcoin price week. BTC rose to $122,800 last week, a new record high.
Bitcoin is now trading about $118,000, unchanged in 24 hours. CoinGecko reports that the top cryptocurrency is up over 12% in the previous month.
