According to data provided by Farside Investors, investment products saw positive net flows of $72.1 million on July 11, following a strong week that began with $143.1 million in capital inflows on July 5. Leading the pack, BlackRock’s IBIT recorded inflows of $72.1 million, bringing its total to an impressive $18.1 billion. Following closely, Fidelity’s FBTC garnered $32.7 million, pushing its cumulative inflows to $9.6 billion.
On the contrary, Grayscale’s GBTC experienced a withdrawal of $37.7 million, resulting in total outflows of $18.7 billion, despite a brief inflow spike on July 8. Nevertheless, the overall landscape for Bitcoin ETFs remains robust, with cumulative inflows standing at $15.5 billion according to Farside Investors’ data. This influx into Bitcoin ETFs aligns with positive economic indicators, as U.S. inflation rates have been decelerating for the fourth consecutive month.
Additionally, Bitcoin prices rebounded from a four-month low, surpassing the $59,000 mark on July 11, representing a 3.4% increase over the past week.
