US Bitcoin ETF’s Continued With Positive Results on 10 July
The U.S. spot Bitcoin exchange traded fund (ETF) sector doesn't seem to be losing confidence in the asset, as it posted positive results again on June 10, registering total inflows of $147.4 million.
Leading financial institutions this time were Franklin Templeton (EZBC) and Fidelity (FBTC) with $31.7 million and $57.8 million, respectively.
They are followed by BlackRock’s IBTC with $22.2 million, which still reflects a decline given that this ETF attracted $121 million on July 9.
Also on July 8, IBTC registered an impressive daily inflow of $187.2 million, helping to bring the total for all U.S. spot ETFs to $294 million for the day, registering its strongest day of net inflows in more than a month.
READ MORE:
Cathie Wood Discusses Bitcoin’s Current Bull Cycle and ETF ProspectsGrayscale’s ETF was the only participant to see negative results over the same time period, registering outflows of $8.2 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin set for ‘promising new year’ as it faces worst November in 7 years
From "whoever pays gets it" to "only the right people get it": The next generation of Launchpads needs a reshuffle
The next-generation Launchpad may help address the issue of community activation in the cryptocurrency sector, a problem that airdrops have consistently failed to solve.
After bitcoin returns to $90,000, is Christmas or a Christmas crash coming next?
This Thanksgiving, we are grateful for bitcoin returning to $90,000.
Trending news
MoreCrypto prices
More
