US Bitcoin Spot ETF Net Inflow Surge: Over $50 Million on Tuesday

IconCryptoNewsTerminal Staff26 Jul, 2024

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US Bitcoin Spot ETF Net Inflow Surge: Over $50 Million on Tuesday

The US Bitcoin Spot ETFs experienced a significant surge in net inflow on Tuesday, with an impressive net inflow of $52 million recorded. This positive trend was primarily driven by notable inflows in several major funds: BlackRock's iShares Core MSCI Total USD Bond Market ETF (IBIT) saw a net inflow of $23 million. Bitwise's Bitwise 10 Crypto Index Fund (BITB) attracted a net inflow of $31.4 million. VanEck's VanEck Bitcoin Strategy ETF (HODL) received a net inflow of $19.2 million. Fidelity's Wise Origin Bitcoin Trust (FBTC) witnessed a net inflow of $4.5 million. However, it's worth noting that Grayscale's Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $26.5 million during the same period.

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