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.