BlackRock: $300 million BTC inflows herald a new bull run!

BlackRock's IBIT has seen inflows of more than $300 million over the past two days. On July 9, IBIT shares rose 2.49%, recovering from last month's sell-off. In contrast, Grayscale's GBTC saw an outflow of $37 million on the same day. Despite selling pressure from sources such as Mt. Gox repayments and German government agencies, institutional investors still see this as a buying opportunity.

Meanwhile, U.S. spot Bitcoin ETFs recorded significant inflows totaling $214 million, with BlackRock's IBIT leading the way. BlackRock's IBIT recorded an inflow of $121 million, adding 2,134 BTC that day alone.

Following the recent drop in BTC prices to a four-month low, Bitcoin ETF shares have been recovering, rising 2-5% over the past two days. On Tuesday, IBIT shares surged 2.49% to $32.96. Despite trading at a 17% discount this month, IBIT shares are up 23.77% year to date. Shares of other spot BTC ETFs in the U.S. have also shown a similar recovery pattern. Bitcoin's cumulative net inflows have reached $15 billion, indicating that institutional investors have a strong interest in Bitcoin's value and provide potential support in market fluctuations.

More bull market layout strategies are close to the main business!

#美联储何时降息？ #美国大选如何影响加密产业？ #德国政府转移比特币