📰 Bitcoin ETFs See $1.97 Billion Inflows Over Nine-Day Streak
US Spot Bitcoin ETFs have experienced a significant nine-day streak of inflows from July 5 to July 17, totaling around $1.97B. This marks the longest streak since a 19-day inflow period between May and June.
Key Factors Driving the Positive Trend:
1. Post-Halving Supply Shortages:
- Reduced supply following Bitcoin's halving event is boosting demand.
2. Upcoming Launch of Spot ETH ETFs:
- Anticipation of new Ethereum ETFs is generating market excitement.
3. Potential Fed Rate Cuts:
- Possible rate cuts by the Federal Reserve are contributing to a bullish outlook.
Recent Price Rebound:
- Investor Interest Soars:
- The recent price rebound of BTC has further bolstered investor interest.
- The largest single-day inflow of $422.6M was recorded on Tuesday.
🚀 Stay tuned for more updates on the dynamic crypto market!
