On July 17, inflows into spot Bitcoin ETFs reached $53.35 million, marking the ninth consecutive day of positive momentum, according to SoSoValue.
During this period, investors poured $1.97 billion into these instruments.
Inflows into BlackRock’s IBIT amounted to $110.37 million, while Fidelity’s FBTC saw $2.83 million. Clients withdrew $5.99 million from Bitwise’s BITB.
Other products recorded no changes.
Total inflows since the approval of BTC-ETFs in January have reached $16.59 billion.
Glassnode observed increased purchases of exchange-traded funds based on digital gold after the price fell below their average acquisition cost ($58,200).
Previously, BlackRock CEO Larry Fink stated that Bitcoin is a legitimate financial instrument. In his view, the asset is suitable for investment during times of heightened fear.