Exchange-traded funds of Bitcoin continue to get more and more inflows. As per Lookonchain, a popular on-chain analytics firm, the net inflows of the $BTC ETFs reached above 5,518 $BTC, equaling more than $368.67 million on July 22. The analytics platform took to its official social media account on X to provide the details of these inflows.
July 22 Update:9 ETFs added 5,518 $BTC(+$368.67M).#Fidelity added 2,099 $BTC(+$140.23M) and currently holds 180,689 $BTC($12.07B).#Grayscale decreased 366 $BTC(-$24.46M) and currently holds 271,794 $BTC($18.16B).https://t.co/UHDL1BTWve pic.twitter.com/fGmW1YVSt9
— Lookonchain (@lookonchain) July 22, 2024
9 Bitcoin ETFs See 5,518 More $BTC on July 22
In its recent X post, the company noted that this significant addition of inflows is very beneficial for the $BTC market. According to Lookonchain, it represents the increasing institutional interest as well as confidence in the top crypto asset. The top Bitcoin ETF in terms of inflows takes into account Fidelity. The exchange-traded fund reportedly added up to 2,099 $BTC. This results in an exclusive investment of approximately $140.23 million.
Fidelity Rules the BTC ETF Market with the Inclusion of 2,099 $BTC
As a result of this addition, Fidelity currently holds a cumulative amount of almost 180,689 $BTC. This amount equals the value of nearly $12.07 billion. The respective move of Fidelity points toward the ETF platform’s commitment to broadening $BTC holdings. It also denotes an optimistic outlook concerning the chief crypto asset’s future performance.
On the other hand, Grayscale, another well-known ETF in the crypto market, has recorded a slump in its $BTC holdings. The platform decreased its $BTC holdings by nearly 366 $BTC. This equates to a reduction of $24.46M. Irrespective of this decrease, Grayscale still owns a massive $BTC amount. The cumulative holdings of the ETF stand at approximately 271,794 $BTC.
