**Bitcoin ETFs See Major Inflows, BlackRock Leads the Charge đ**
- BlackRockâs iShares Bitcoin Trust raked in a whopping $260 million on July 16, making up more than half of all net inflows into spot Bitcoin ETFs that day. Talk about a shopping spree!
- This marks the eighth straight day of positive net inflows for US spot Bitcoin ETFs, reaching a total of $422.5 million. Itâs the best day since June 5, according to Farside Investors.
- Fidelityâs Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF followed with $61.1 million and $29.8 million, respectively. Even VanEck and Invesco Galaxy joined the party with over $20 million each.
- BlackRockâs Bitcoin stash is now back above $20 billion, thanks to a recent purchase of 4,004 Bitcoin and a 3% price bump. Nate Geraci from The ETF Store praised this milestone, debunking myths that only âdegen retailâ investors buy Bitcoin.
- Bitcoin is currently priced at $65,470, up 13.1% over the last week. The recent dip to $53,600 was fueled by German Bitcoin sales and Mt. Gox repayment news.
Looks like the Bitcoin ETF market is hotter than a jalapeño! đ¶ïž
