Bitcoin ETF Traders Bought the Dip and Now Are Buying the Rebound as Inflows Topped $300M Monday
Briefly

from Coindesk6 months ago
Lifetime net inflows into the U.S.-based spot bitcoin exchange-traded funds topped $16 billion on Monday, with investors showing interest in both rising and falling markets.
Coindeskhttps://www.coindesk.com/markets/2024/07/16/bitcoin-etf-traders-bought-the-dip-and-now-are-buying-the-rebound-as-inflows-topped-300m-monday/
BlackRock's iShares Bitcoin Trust (IBIT) received the highest inflow of $117.2 million, reaching $18.4 billion, aiming to surpass $20 billion soon.
Coindeskhttps://www.coindesk.com/markets/2024/07/16/bitcoin-etf-traders-bought-the-dip-and-now-are-buying-the-rebound-as-inflows-topped-300m-monday/
ETF inflows were consistent even during Bitcoin's mid-July drop, in contrast to doubts about hot money interest promptly exiting during price volatility.
Coindeskhttps://www.coindesk.com/markets/2024/07/16/bitcoin-etf-traders-bought-the-dip-and-now-are-buying-the-rebound-as-inflows-topped-300m-monday/
Issuers are preparing to launch a spot ether ETF following solid Bitcoin ETF performance, anticipating SEC approval for market entry by around July 23.
Coindeskhttps://www.coindesk.com/markets/2024/07/16/bitcoin-etf-traders-bought-the-dip-and-now-are-buying-the-rebound-as-inflows-topped-300m-monday/
Read at Coindesk
#bitcoin-etfs #inflows #market-trends #sec-approval
[
|
]