🚀 US Bitcoin ETFs Continue to Soar, Adding $53.35 Million in a Bullish Streak
💰 It's raining gains for US Bitcoin ETFs as they mark their ninth consecutive day of growth. On July 17, these investment vehicles saw a whopping $1.79 billion in trading activity, with a notable $53.35 million flowing in.
🏦 Blackrock's IBIT stole the show, attracting a hefty $110.37 million and amassing a staggering reserve of 323,832.97 BTC, valued at an eye-popping $21 billion. Fidelity's FBTC also had reason to celebrate, with a cool $2.83 million boosting its holdings to 178,503.11 BTC, worth around $11.5 billion.
⛔️ Unfortunately, not everyone was on the winning side this Wednesday. GBTC took a hit, losing $53.86 million, while Bitwise's BITB saw outflows of $5.99 million. GBTC now holds 273,004.94 BTC, valued at $17.7 billion, while BITB manages a portfolio of about 39,835.07 BTC, worth approximately $2.58 billion.
📊 The rest of the ETFs like ARKB, HODL, BRRR, BTCO, BTCW, DEFI, and EZBC remained steady with no significant inflows or outflows reported.
💼 Since January 11, these eleven funds have seen an impressive net inflow of around $16.59 billion, bringing their collective reserves to an astounding $58.15 billion, which accounts for about 4.57% of Bitcoin's market value according to sosovalue metrics.
📉 Notably, GBTC has undergone a significant divestment, shedding 344,075.05 BTC since January 12, but still holding a substantial 617,079.99 BTC, valued at $22.3 billion.
The US Bitcoin ETFs are on a roll, and the crypto world is watching with bated breath as these investment vehicles continue to make waves in the market.
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