Over the past few weeks in this period, ETF based in the US Bitcoin Bitcoin (stock exchange funds) have been in a scintile form, seeing the influx of significant capital during this period. This positive trend should not be a surprise, considering that the recent moods towards cryptocurrencies in the United States have never been more bullish.
Example – the President of the United States Donald Trump officially signed the first law on cryptocuria, Genius Act, on Friday, July 18. On the same day ETF Bitcoin saw enough green to continue the continuous series of everyday influx of capital.
Bitcoin ETFS records $ 363 million a day to close the last week
According to Latest market dataThe ETF market in the USA has recorded a daily total net influx of USD 363.45 million on Friday, July 18. This inflow round was 12. In a row, a positive day of capital inflow for investment products related to cryptocurrencies.
As expected, Blackrock’s Ishares Bitcoin Trust (from Ticker Ibit) contributed to most capital noticeable on Friday, adding $ 496.75 million of value during the day. According to asset management, the largest ETF Bitcoin is still impressive, and a robust wallet is almost approaching $ 90 billion.
Bitcoin Trust (BTCW) Wisdomtree was the only other ETF Bitcoin who recorded a positive influx day to finish the last week. Data from Sosovalue shows that the stock exchange Fund published on Friday the influx of capital worth USD 3.11 million, representing its first activity from a series of payments at the end of March and April.
Only five other ETF Bitcoin registered investors’ activity on Friday, including Fidelity Wise Origin Bitcoin Fund (FBTC), Gysale Bitcoin Trust (GBTC), ARK 21Shares ETF (ARKB), BitWise Bitcoin ETF (Bitb) and Vaneck Bitcoin ETF (HODL). In total, these funds with the stock exchange brought a total of $ 136.42 million withdrawn to the closure of the week.
Source: SoSoValue
However, this round of withdrawal did not stop ETF Bitcoin before registration 12. In a row positive net influx. In addition, products related to cryptocurrencies recorded a second week in a row over $ 2 billion of influx, with a result of $ 2.39 billion over the past week.
Bitcoin price review
Another performance of $ 2 billion for American ETF Bitcoin was not in isolation, because it was accompanied by a historic week at the price of Bitcoins. The price of BTC continued its rally over the past week, reaching up to 122,800 USD to create a novel highest level of all time.
At this time, the price of Bitcoins rises at USD 118,000, without significant traffic in the last 24 hours. According to Coingecko data, the most vital cryptocurrency increased by over 12% in the last month.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Recommended photo from Istock, chart from TradingView
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