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
- Russia to Block Data Processing Centers from Mining Crypto with Cheap Power2025-07-10 23:40:57
- Bitcoin Price Hits $117,000 ATH; Trump & Sun Spark Fresh Crypto Frenzy2025-07-10 23:27:43
- Over $500,000 in Crypto Donations Raised For Texas Flood Relief Efforts2025-07-10 22:37:12
- Crypto Q2 Returns Beat Stocks by 3x – Why Smart Money Says the Bull Run Has Already Begun2025-07-10 22:36:49
- ChatGPT’s 42-Signal BNB Analysis Flags $670 Breakout Amid Corporate Treasury Revolution2025-07-10 20:45:02