Spot Bitcoin exchange-traded funds (ETFs) in the United States recorded an inflow of $53.3 million on July 17, according to data from Farside Investors. This occurred in an unregulated market with varying performance of different Bitcoin ETFs.
The market leader, iShares Bitcoin Trust (IBIT), generated great investor confidence with a significant net inflow of $110.4 million. Following IBIT, Fidelity Wise Origin Bitcoin Fund (FBTC) could only earn $2.8 million.
After a two-day pause, Grayscale Bitcoin Trust (GBTC) experienced a notable net outflow of $53.9 million. Similarly, Bitwise Bitcoin ETF (BITB) reported a loss of $6 million, offsetting nearly half of the day's gains; BITB had experienced a five-day losing streak before this loss.
Famous crypto analyst DustyBC Crypto expressed his unequivocal support for the market impact and viability of Bitcoin ETFs on the X platform. However, veteran analyst Peter Brandt took a more cautious approach, appreciating Bitcoin's recent price increase but noting the ongoing trend of lower highs and lower bottoms despite the excitement around ETFs and the upcoming halving.
As of July 18, 2024, Bitcoin was traded at $64,956.09, decreasing by 1% in the last 24 hours. The daily trading volume is $30.2 billion and the market value is over $1.21 trillion.
On July 17, other Bitcoin ETFs such as Ark Invest, VanEck, Valkyrie, Franklin Templeton, WisdomTree, Hashdex, and Invesco did not report any flows. Additionally, according to data dated July 16, 2024, WisdomTree Bitcoin Fund (BTCW) and Hashdex Bitcoin ETF (DEFI) have not seen any inflows or outflows for a long time.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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