Reported 5 months ago
In a remarkable surge, inflows into Bitcoin ETFs exceeded $1 billion within three days, reaching a total of $17 billion since their launch earlier this year. On July 16 alone, nearly $420 million flowed into these ETFs, marking a significant uptick driven by market recovery and key announcements. Notably, BlackRock's IBIT ETF attracted over $200 million, while Fidelity's FTBC saw inflows of $61 million. These movements come amid developments from the Mt. Gox crypto exchange and political shifts in the crypto landscape.
Source: YAHOO