BlackRock’s Bitcoin ETF Inflows Reach $534 Million in a Day

On July 22, inflows into spot Bitcoin ETFs amounted to $533.57 million. Such high levels were last observed on June 4, according to SoSoValue.

This positive trend continued for the thirteenth consecutive trading day.

Inflows into BlackRock’s IBIT reached $527.7 million, the highest since March 13.

Investors added $23.72 million to Fidelity’s FBTC, $13.65 million to Invesco’s BTCO, and $7.87 million to Franklin Templeton’s EZBC.

Clients withdrew $38.37 million from VanEck’s HODL.

Other products recorded no changes.

Cumulative inflows since the approval of BTC-ETFs in January have reached $17.59 billion.

Glassnode previously noted an increase in purchases of exchange-traded funds based on digital gold after the price fell below their average acquisition cost ($58,200).

Earlier, Bernstein pointed out Bitcoin’s undervaluation in the event of a victory by Republican presidential candidate Donald Trump.