Bitcoin hits $66k as Bitcoin ETFs witness record $422.5m inflows | Headlines | News | CoinMarketCap

07/17/2024 16:52
Bitcoin hits $66k as Bitcoin ETFs witness record $422.5m inflows | Headlines | News | CoinMarketCap

Bitcoin’s price surged past $66,000 on July 17, buoyed by a record inflow of $422.5 million into eleven spot Bitcoin exchange-traded funds (ETFs) in …

Bitcoin’s price surged past $66,000 on July 17, buoyed by a record inflow of $422.5 million into eleven spot Bitcoin exchange-traded funds (ETFs) in the U.S., marking the highest inflow since June 5.

BlackRock’s iShares Bitcoin Trust led the charge with a contribution of $260 million from Bitcoin investors on July 16, accounting for more than half of the day’s net inflows into spot Bitcoin ETFs. Data from Farside Investors revealed that this marked the eighth consecutive day of positive net inflows for U.S. spot Bitcoin ETFs.

Fidelity Wise Origin Bitcoin Fund recorded the second-highest inflows among U.S. spot Bitcoin ETF issuers at $61.1 million, followed by the ARK 21Shares Bitcoin ETF with $29.8 million.

The VanEck Bitcoin ETF and Invesco Galaxy Bitcoin ETF also saw inflows above …

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