Bitcoin ETFs Draw Significant Investment Boosting Market Confidence
2025-07-16 07:40:46
Main Idea
U.S. spot Bitcoin ETFs have seen nine consecutive days of net inflows, totaling $403 million on July 15, with cumulative net inflows reaching $53.07 billion, driven by strong institutional interest.
Key Points
1. BlackRock’s IBIT attracted the majority of inflows at $416.35 million, while other ETFs like VanEck’s HODL and Grayscale’s Mini Bitcoin Trust also saw modest inflows.
2. Despite inflows, Grayscale’s GBTC, Fidelity’s FBTC, and Ark & 21Shares’ ARKB experienced outflows totaling $70.43 million on the same day.
3. Spot Ethereum ETFs mirrored Bitcoin ETF momentum, drawing $192.33 million in inflows, with U.S. SEC-approved ETFs boosting institutional ETH demand.
4. Total inflows for Ethereum ETFs exceeded $800 million over eight days, reflecting heightened market confidence.
5. Moderate U.S. CPI data and potential September interest rate cuts could strengthen Bitcoin’s support level and spur further demand.
Description
U.S. spot Bitcoin ETFs experienced nine days of consistent inflows, reaching $403 million daily. Continue Reading: Bitcoin ETFs Draw Significant Investment Boosting Market Confidence The post Bitcoin ETFs Draw Significant Investment Boosting Market Confidence appeared first on COINTURK NEWS .
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