News reports said on Tuesday that institutional investors returned to Bitcoin again, as Bitcoin exchange-traded funds on the US stock exchange witnessed their largest inflows in nearly seven weeks.
Reports indicated that spot Bitcoin ETFs became favored this week, as the funds recorded the largest daily inflow yesterday, Monday, since June 4, after four out of 11 Bitcoin ETFs (#BTC ) entered a huge amount of 533.6 million. Dollars, according to preliminary data from Farside Investors.
Also, reports indicated that the (IBIT) fund owns about 98.7% of this total amount, with a value of up to $526.7 million, equivalent to 7,759 Bitcoin, and this was the largest inflow day for BlackRock since last March. The IBIT fund currently owns about 327,179 Bitcoin, worth about $22 billion. Bitcoin price during trading
In terms of today's trading, the price of Bitcoin decreased by 1.78% and recorded about $65,887.01, with a daily trading volume of $35,151,282,862, bringing the capital value of Bitcoin to $1,299,946,783,943.
