U.S. spot Bitcoin ETFs see $90M inflows, led by BlackRock, signaling stable institutional demand.
U.S. spot Bitcoin ETFs recorded $90.44 million in net inflows on July 10, reversing two days of outflows and indicating stable institutional demand. BlackRock's iShares Bitcoin Trust led with $86.83 million of the inflows, highlighting its dominance in the market. Total assets under management for these ETFs reached $77.42 billion, about 6.05% of Bitcoin's market cap, showing their growing influence on Bitcoin liquidity and sentiment. Continued monitoring of ETF flows, especially BlackRock's, will be key to understanding institutional risk appetite and market dynamics.
U.S. spot Bitcoin ETFs recorded $90.44 million in net inflows on July 10, reversing two days of outflows and indicating stable institutional demand. BlackRock's iShares Bitcoin Trust led with $86.83 million of the inflows, highlighting its dominance in the market. Total assets under management for these ETFs reached $77.42 billion, about 6.05% of Bitcoin's market cap, showing their growing influence on Bitcoin liquidity and sentiment. Continued monitoring of ETF flows, especially BlackRock's, will be key to understanding institutional risk appetite and market dynamics.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
