On July 15th, the US spot Bitcoin ETFs saw a positive trend with a daily net inflow of $301 million. This marked the seventh consecutive day of inflows, signaling a strong interest in Bitcoin among investors. Among the ETFs, no outflows were recorded for the day, indicating a bullish sentiment in the market.
According to data from SoSoValue, BlackRock’s IBIT led the way with the highest net inflows of $117.25 million on July 15th. IBIT was also the most actively traded Bitcoin ETF on that day, with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB closely followed with net inflows of $117.19 million. Fidelity’s FBTC and Bitwise’s BITB also experienced significant inflows, further contributing to the positive trend in the market.
A total of $2.26 billion was traded on July 15th, showcasing a strong market activity among Bitcoin ETFs. While the trading volume was lower than in March, when it exceeded $8 billion on certain days, the overall performance of these funds has been impressive since their launch in January. Collectively, these ETFs have attracted $16.11 billion in net inflows, highlighting the growing popularity of Bitcoin among institutional investors.
The recent market recovery in Bitcoin was sparked by a series of events, including fears of massive selling pressure and an assassination attempt on a pro-crypto former US President. Despite these challenges, Bitcoin surged over 9% in the past week and was trading just below $64,000. Veteran trader Peter Brandt shared his insights on Bitcoin’s price outlook, predicting a potential major rally in the near future. He emphasized the importance of key support levels and warned of a bearish scenario if Bitcoin fails to maintain its current momentum.
The positive inflows and strong market performance of US spot Bitcoin ETFs on July 15th reflect a growing confidence in Bitcoin as a digital asset. Despite external challenges and market volatility, investors remain optimistic about Bitcoin’s future price trajectory. It will be interesting to see how these trends evolve in the coming days and weeks, as Bitcoin continues to assert its dominance in the cryptocurrency market.
