Key Takeaways:
- BlackRock’s iShares Bitcoin Trust attracted $260 million in investments, leading a $422.5 million net inflow into U.S. spot Bitcoin ETFs, marking the strongest trading day in over a month.
- Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF also saw significant inflows of $61.1 million and $29.8 million, respectively.
- BlackRock’s Bitcoin holdings surpassed $20 billion after acquiring 4,004 Bitcoin, aided by a recent 3% price rise and increasing institutional interest.
On July 16, BlackRock’s iShares Bitcoin Trust attracted $260 million in investments, part of a $422.5 million net inflow into U.S. spot Bitcoin ETFs, marking the strongest trading day in over a month.
The Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF followed with $61.1 million and $29.8 million in inflows, respectively.
BIG BREAKING 🚨
— BITCOINLFG® (@bitcoinlfgo) July 17, 2024
BLACKROCK STARTED BUYING AGAIN AS #BITCOIN BREAKS $65,000 pic.twitter.com/oGuVNdsNNm
VanEck and Invesco Galaxy Bitcoin ETFs also saw over $20 million in inflows, while Grayscale, Hashdex, and WisdomTree recorded none.
BlackRock’s Bitcoin holdings are now valued above $20 billion after acquiring 4,004 Bitcoin and benefiting from a recent 3% price rise.
This milestone, praised by Nate Geraci, president of The ETF Store, highlights increasing institutional interest in Bitcoin.
JUST IN: BlackRock CEO Larry Fink says he is a major believer in #Bitcoin after studying it. pic.twitter.com/PZLUKX3WEo
— Bitcoin Magazine (@BitcoinMagazine) July 15, 2024
Following BlackRock CEO Larry Fink’s recent endorsement of Bitcoin, its price rose 13.1% over the past week to $65,470, rebounding from a five-month low amid concerns over Bitcoin sales by the German government and Mt. Gox repayments.
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