Bitcoin ETFs in the US Slow Down Their Inflows
After U.S.-based spot Bitcoin exchange traded funds (ETFs) saw their highest inflows since June 4 on Monday (July 22), momentum slowed toward the end of the week.
Farside reported that spot BTC ETFs received a total of $31.1 million on July 25.
While the results are positive, they are well down from the $485.9 million raised on Monday.
Reportedly, only BlackRock’s iShares Bitcoin Trust (IBIT) recorded inflows equivalent to $70.7 million, while almost all other funds recorded neutral performance.
READ MORE:
Dogecoin Could Reach a New All-Time High According to Historical TrendsThe exception was Greyscale’s GBTC, which again recorded outflows of $39.6 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
Trump-backed World Liberty Financial taps Chainlink to drive mass DeFi adoption
ZKsync approves proposal to distribute 325 million ZK tokens to boost liquidity across chains
Shiba Inu Community Pushes Token Toward $0,001
Can You Turn $500 Into $500 With These Cryptocurrencies?
Trending news
MoreCrypto prices
More
