{"id":24660,"date":"2024-07-09T11:00:04","date_gmt":"2024-07-09T08:00:04","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24660"},"modified":"2024-07-09T10:27:18","modified_gmt":"2024-07-09T07:27:18","slug":"bitcoin-etfs-see-largest-inflows-in-over-a-month-amid-crypto-market-concerns","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-largest-inflows-in-over-a-month-amid-crypto-market-concerns\/","title":{"rendered":"Bitcoin ETFs See Largest Inflows in Over a Month Amid Crypto Market Concerns"},"content":{"rendered":"<p>Amid a faltering crypto market, <strong>Bitcoin exchange-traded funds (ETFs)<\/strong> had their most notable daily net flow on July 8 more than a month ago. The eleven Bitcoin ETFs combined attracted $295 million, the first day of the past three trading weeks with positive net inflows across all funds.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-largest-inflows-in-over-a-month-amid-crypto-market-concerns\/#BlackRock_and_Fidelity_Lead_Inflows\" title=\"BlackRock and Fidelity Lead Inflows\">BlackRock and Fidelity Lead Inflows<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-largest-inflows-in-over-a-month-amid-crypto-market-concerns\/#Market_Concerns_Over_BTC_Sales\" title=\"Market Concerns Over BTC Sales\">Market Concerns Over BTC Sales<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"BlackRock_and_Fidelity_Lead_Inflows\"><\/span>BlackRock and Fidelity Lead Inflows<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>With a daily inflow of $187.2 million, <strong>BlackRock<\/strong>&#8216;s Bitcoin ETF topped the race; followed by <strong>Fidelity<\/strong>, with gains of $61.5 million. Securing $25.1 million in inflows, <strong>the Grayscale Bitcoin Trust (GBTC)<\/strong> also saw a rare day of positive price activity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24670\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-etf.png\" alt=\"\" width=\"665\" height=\"726\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-etf.png 665w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/bitcoin-etf-275x300.png 275w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/p>\n<p>Since June 5, when the ETFs drew almost $488 million in additional money, this is the most important day of inflows.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Concerns_Over_BTC_Sales\"><\/span>Market Concerns Over BTC Sales<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The influx rise coincides with more general market worries concerning significant <strong>Bitcoin<\/strong> sales from the German government and anticipated Mt. Gox creditor defaults. The German government has so far sent approximately 26,200 BTC, worth at $1.5 billion at current rates, to market makers and exchanges. Based to statistics from Arkham Intelligence, it still has 27,460 BTC, valued around $1.57 billion.<\/p>\n<p>Furthermore, there are worries that $8.5 billion in Bitcoin might flood the market in the next months as the failed Japanese cryptocurrency exchange <strong>Mt. Gox<\/strong> starts reimbursing creditors who lost their money to a hack in 2014. Still, some experts think worries over Mt. Gox Bitcoin sales could be overdone.<\/p>\n<p>Over the last two trading weeks, the price of <strong>Bitcoin<\/strong> continuously dropped; on July 5, it dropped to $53,600, the first time the currency sold below $54,000 since February this year. The notable inflows into<strong> Bitcoin ETFs<\/strong> show institutional investors and large-scale purchasers&#8217; ongoing confidence despite market volatility, suggesting that the present downturn might provide a purchasing opportunity.<\/p>\n<p><i><span style=\"font-weight: 400\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.net\/blog\/news\/\"><i><span style=\"font-weight: 400\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid a faltering crypto market, Bitcoin exchange-traded funds (ETFs) had their most notable daily net flow on July 8 more than a month ago. The eleven Bitcoin ETFs combined attracted $295 million, the first day of the past three trading weeks with positive net inflows across all funds. BlackRock and Fidelity Lead Inflows With a<\/p>\n","protected":false},"author":6,"featured_media":9258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1,2],"tags":[61,7146,535,3289],"class_list":["post-24660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","category-news","tag-bitcoin","tag-bitcoin-exchange-traded-funds-etfs","tag-blackrock","tag-fidelity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETFs See Largest Inflows in Over a Month Amid Crypto Market Concerns - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-largest-inflows-in-over-a-month-amid-crypto-market-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs See Largest Inflows in Over a Month Amid Crypto Market Concerns - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Amid a faltering crypto market, Bitcoin exchange-traded funds (ETFs) had their most notable daily net flow on July 8 more than a month ago. The eleven Bitcoin ETFs combined attracted $295 million, the first day of the past three trading weeks with positive net inflows across all funds. 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