Bitcoin ETFs Inflows Surge
Bitcoin ETFs in the U.S. saw a fifth consecutive day of inflows on July 11, with $72.1 million in net inflows as Bitcoin surpassed the $59,000 mark. BlackRock’s IBIT led the pack with $72.1 million in inflows, reaching a total of $18.1 billion.
Positive Trends in Crypto Investments
July 11 recorded $72.1 million in positive net flows for Bitcoin ETFs, following a week with $143.1 million in capital inflows. Notable increases were seen in Bitwise’s BITB and ARK’s ARKB, enhancing their total inflows to $2.1 billion and $2.5 billion, respectively.
Encouraging Economic Indicators for Bitcoin
Bitcoin ETF inflows align with positive economic indicators, including a decrease in U.S. inflation rates for the fourth consecutive month. Bitcoin prices rebounded from a four-month low, surpassing $59,000 on July 11, showing a 3.4% increase over the past week despite potential supply pressures.
