BlackRock’s iShares Bitcoin Trust attracted $260 million from BTC investors on July 16, accounting for more than half of the total inflow into spot Bitcoin ETFs on the day. 📈
This is the 8th consecutive day of positive inflows for spot Bitcoin ETFs in the US, reaching $422.5 million, the best since June 5 according to Farside Investors.
Fidelity Wise Origin Bitcoin Fund ranked 2nd with $61.1 million, ARK 21Shares Bitcoin ETF ranked 3rd with $29.8 million.
VanEck Bitcoin ETF and Invesco Galaxy Bitcoin ETF also exceeded $20 million.
BlackRock now owns more than $20 billion in BTC after purchasing an additional 4,004 BTC and the BTC price increased 3% from Monday.
Nate Geraci, president of The ETF Store, praised BlackRock's new milestone and criticized the notion that only "degen retail" buys BTC products.
BlackRock CEO Larry Fink calls BTC a “legitimate” financial tool against monetary inflation.
BTC is currently priced at $65,470, up 13.1% this week after falling to $53,600 on July 5 due to concerns from Germany and Mt. Gox.
What do you think about the future of BTC? Comment now! 💬