Strong ETF Demand Drives $157 Million Bitcoin Purchases, $65 Million in Ethereum
Main Idea
U.S. spot Bitcoin and Ethereum ETFs experienced significant net inflows on July 28, indicating strong demand, with BlackRock's Bitcoin ETF leading the purchases.
Key Points
1. U.S. spot Bitcoin ETFs saw net inflows of $157.1 million on July 28.
2. Ethereum ETFs added $65.2 million on the same day.
3. BlackRock’s spot Bitcoin ETF acquired 1,230 BTC worth $147.4 million.
4. BlackRock’s total Bitcoin holdings now exceed 739,000 BTC, making it the world’s largest Bitcoin ETF.
Description
The post Strong ETF Demand Drives $157 Million Bitcoin Purchases, $65 Million in Ethereum appeared first on Coinpedia Fintech News On July 28, U.S. spot Bitcoin ETFs saw net inflows of $157.1million, with Ethereum ETFs adding $65.2million, signalling strong ongoing demand for both assets . Leading the purchases, BlackRock’s spot Bitcoin ETF acquired 1,230 BTC worth $147.4million, bringing its total holdings to over 739,000 BTC and reinforcing its place as the world’s largest Bitcoin ETF . The ne...
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