On July 10, inflows into spot Bitcoin ETFs amounted to $147.4 million, marking a positive trend for the fourth consecutive day, according to SoSoValue.
During this period, investors poured $801.7 million into these instruments.
On July 10, the leaders in dynamics were:
- FBTC from Fidelity ($57.79 million);
- EZBC from Franklin Templeton ($31.66 million);
- IBIT from BlackRock ($22.24 million);
- BRRR from Valkyrie Digital Assets ($20.68 million).
Clients withdrew $8.15 million from GBTC by Grayscale.
Cumulative inflows since the approval of the products in January have reached $15.42 billion.
Investors continued to capitalize on the correction that arose amid coin sales by German authorities and the distribution of bitcoins among Mt.Gox clients.
Earlier, 10x Research suggested a potential drop in the first cryptocurrency’s rate to $50,000 due to a sharp change in sentiment.
Meanwhile, technical analyst Peter Brandt did not rule out a decline in digital gold prices to $44,000.
Standard Chartered maintained expectations of Bitcoin returning to its ATH in August and subsequently rising to $100,000 by the U.S. presidential elections in November.