Spot Bitcoin ETFs Attract Another $218M, Total Net Inflows Top $50B Since Launch
2025-07-10 09:36:29
Main Idea
Spot Bitcoin ETFs have surpassed $50 billion in net inflows since their debut in January 2024, with BlackRock's IBIT leading the market, and analysts expect SEC approval for Solana, XRP, and Litecoin ETFs soon.
Key Points
1. Spot Bitcoin ETFs attracted $218 million in net inflows on July 9 alone, marking the fifth consecutive day of positive momentum.
2. BlackRock’s IBIT leads the market, holding over 700,000 BTC and generating significant revenue for the firm.
3. Bloomberg’s senior ETF analysts assign a 95% chance that the SEC will approve spot ETFs for Solana, XRP, and Litecoin this year.
4. Institutional Bitcoin demand is expanding beyond ETFs, with companies like Japan’s Metaplanet making significant BTC purchases.
5. Bitcoin reached a new all-time high of $112,000, triggering nearly $200 million in short liquidations.
Description
Spot Bitcoin exchange-traded funds (ETFs) have now surpassed $50 billion in cumulative net inflows, less than two years since their debut in January 2024. Key Takeaways: Spot Bitcoin ETFs have surpassed $50 billion in net inflows just 18 months after launch. BlackRock’s IBIT leads the market, now holding over 700,000 BTC. Analysts expect SEC approval for Solana, XRP, and Litecoin ETFs soon. On July 9 alone, the market saw $218 million in net inflows, marking the fifth consecutive day of positive...
Latest News
- US Treasury Officially Scraps Crypto Broker Reporting Rules After Congressional Vote2025-07-10 19:28:28
- HSBC Bank Pilots e-HKD+ Stablecoin Across Various Blockchains – Chinese CBDC Coming?2025-07-10 18:33:07
- Snoop Dogg’s Digital Collectibles Generate $12M in 30 Minutes – NFTs Making a Comeback?2025-07-10 18:20:45
- Bitcoin Price Prediction as BTC Surges Past Record Levels – $120,000 by Tomorrow?2025-07-10 17:52:37
- XRP Price Prediction: Breakout + 6.6M Holders = Perfect Storm – Is XRP Preparing for Its Largest Rally Ever?2025-07-10 17:03:42