US Bitcoin ETFs Registered Their Best Performance in 6 Weeks
Momentum and investor faith appears to be sustained as US spot Bitcoin ETFs continued their winning streak for an 8th consecutive day on Tuesday.
After seeing a total of $300.9 billion in inflows on Monday (July 15), these ETFs performed even better on Tuesday, registering a total of $422.5 million in inflows.
For the day, BlackRock’s iShares Bitcoin Trust (IBIT) attracted $260 million and Fidelity’s fund (FBTC) registered the second-largest inflows with a result of $61.1 million.
ARK’s 21Shares ETF (ARKB) ranked third with inflows of $29.8 million followed by VanEck’s (HODL) at $22 million.
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Record Hashrates Squeeze Bitcoin Mining ProfitsAccording to information provided by Farside, the total amount accumulated by all spot Bitcoin ETFs in the U.S. on July 16 signaled their best performance since June 5.
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.
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