The latest data from Spot On Chain highlights a significant development in the Bitcoin ETF market. On July 17, 2024, Bitcoin ETFs saw a net inflow of $53 million, marking nine consecutive trading days of positive net inflows.

Sustained Inflows: The net inflow trend has continued positively for nine days, indicating sustained investor interest and confidence in Bitcoin ETFs.BlackRock (IBIT): BlackRock's Bitcoin ETF has received inflows exceeding $100 million for four consecutive days, showcasing strong demand.Grayscale (GBTC): In contrast, Grayscale experienced a substantial outflow of $53.9 million after two days of zero net flows.
Implications:
The continuous inflow into Bitcoin ETFs, especially the notable performance of BlackRock's IBIT, signifies growing institutional interest and confidence in Bitcoin as a viable investment. However, the outflow from Grayscale's GBTC suggests a shifting dynamic within the ETF landscape.
Market Overview:
Net Inflow on July 17, 2024: $53 millionPositive Inflows Duration: Nine consecutive trading daysBlackRock (IBIT) Inflows: Over $100 million for four consecutive daysGrayscale (GBTC) Outflow: $53.9 million after two days of zero net flows
The data indicates a robust and growing interest in Bitcoin ETFs, with BlackRock leading the charge. Investors are advised to stay informed about the latest trends and shifts in the ETF market to make well-informed decisions.
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In a noteworthy development, July 8, 2024, witnessed a substantial net inflow of $295 million into Bitcoin ETFs, marking the highest net inflow observed over the past 21 trading days. This impressive influx comes in the wake of the German government's sale of $1 billion worth of Bitcoin, highlighting the resilience and strong investor interest in Bitcoin ETFs.

Key Highlights:
Record Inflow: The $295 million net inflow is the highest recorded among the 10 U.S. Bitcoin ETFs in the last 21 trading days.German Government Outflow: Despite a significant $1 billion Bitcoin sale by the German government, Bitcoin ETFs saw robust inflows.No Outflows: Interestingly, not a single U.S. Bitcoin ETF, including the notable Grayscale, experienced an outflow on this day.BlackRock ETF Surge: The BlackRock Bitcoin ETF (IBIT) saw a remarkable rebound, with a single-day inflow of $187 million, the highest in the last 20 trading days.
#bitcoin #btc #spotetf #etf #bitcoinspotetf $BTC