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from SoSoValue, $422 million entered the market on July 16th. This would be the eighth day the investment vehicles would record consecutive inflows.Investment giant BlackRock led the chart as usual. This time, its IBIT product saw $260.23 million in inflows with a trading volume of $1.02 billion.Fidelity’s FBTC trailed IBIT’s record with a $61.05 million net inflow and a trading volume of $255.45 million. Ark Invest’s ARKB and Bitwise’s BITB followed with positive flows worth $29.
While most of the 11 Bitcoin ETF issuers recorded inflows, some saw no net inflow. These are WisdomTree’s BTCW, Hashdex’s DEFI, and Grayscale’s GBTC. Still, the cumulative net inflow has grown to $16.53 billion, a substantial increase fromThe steady inflow into the spot Bitcoin ETF has positively impacted BTC’s price. Last week, the leading crypto asset’s value dropped to as low as $56,700 and remained below $60,000 for most of last week.
Today, BTC reentered the $65,000 price mark. At the time of writing, the biggest crypto asset sold for $65,100, representing a 10.78% increase within the past week. Interestingly, the cryptocurrency’s weekend breakout came after the failed assassination attempt against the pro-digital asset US presidential candidate – Donald Trump.One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.
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