Yahya 
Data from Farside Investors shows that on July 17 spot Bitcoin exchange-traded funds (ETFs) in the United States saw an influx of $53.3 million. This takes place in an erratic market where different Bitcoin ETFs have shown different performance.
Leading the field, the iShares Bitcoin Trust (IBIT) achieved a significant net inflow of $110.4 million, therefore displaying great investor confidence. The Fidelity Wise Origin Bitcoin Fund (FBTC) barely gained $2.8 million after IBIT.
After two days of flat flows, the Grayscale Bitcoin Trust (GBTC) saw a notable net outflow of $53.9 million. Comparably, the Bitwise Bitcoin ETF (BITB) declared a loss of $6 million, thereby balancing about half of the profits of the day. BITB had kept a five-day inflow run before this.
Prominent crypto analyst DustyBC Crypto said on X that Bitcoin ETFs have unequivocally disproved current questions about their influence and viability in the market. Veteran trader and analyst Peter Brandt presented a wary view, nevertheless. Though he expressed appreciation for Bitcoin’s recent price increase, he underlined the continuous pattern of lower highs and lower lows, pointing out that this tendency continues even with the enthusiasm over ETFs and the approaching halving.
Bitcoin is trading at $64,956.09 as of July 18, 2024, down 1% over last 24 hours. With daily trade volume of $30.2 billion and a market value of over $1.21 trillion, Bitcoin is.
On July 17, other Bitcoin ETFs—those from Ark Invest, VanEck, Valkyrie, Franklin Templeton, WisdomTree, Hashdex, Invesco, Galaxy—did not report any flows. Furthermore per statistics from July 16, 2024 WisdomTree Bitcoin Fund (BTCW) and Hashdex Bitcoin ETF (DEFI) have not witnessed any inflows or outflows for a lengthy time.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.