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BlackRock: Bitcoin ETF demand rebounds to $265.7 million

CoinNetwork
CoinJie News: BlackRock's iShares Bitcoin Trust (IBIT) recorded net inflows of $209.4 million on July 7, ending a weeks-long sluggish period and driving total demand for U.S. spot Bitcoin ETFs to $265.7 million. This rebound in demand has supported the latest rally in Bitcoin. Meanwhile, Fidelity's FBTC added $9.7 million, Bitwise's BITB brought in $4.8 million, Ark 21Shares' ARKB recorded $33 million, and Grayscale's Bitcoin Mini Trust received inflows of $42.3 million. Although Grayscale's GBTC continued to lose assets with net outflows reaching $44.5 million, the overall ETF market still performed well. Market research firm Bit pointed out that Bitcoin's performance in July is consistent with historical seasonal trends, and supportive comments from U.S. President Trump have also boosted investor sentiment.
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GateUser-870b5e71
· 5h ago
GBTC is still bleeding, but the mini trust is fiercely pulling in capital. The battle between old money and new products is quite interesting.
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BetaTestHuman
· 5h ago
IBIT has finally turned positive. Watching the outflows over the past few weeks was indeed a bit worrying, but now it seems institutions are still buying the dip.
View OriginalReply0

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