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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Spot Bitcoin ETF America surpasses 50 billion USD in net inflows
The total net inflow of spot Bitcoin ETF funds in America surpassed 50 billion USD for the first time on July 10, according to data from SoSoValue. On that day alone, 12 funds recorded a total net inflow of +218 million USD, with BlackRock’s IBIT leading at +125.5 million USD.
Expert Rachael Lucas stated that this is an important milestone for the institutionalization of Bitcoin, driven by stable capital flows from organizations rather than a wave of individual speculation. Additionally, the positive market sentiment thanks to the prospect of strong interest rate cuts from Trump and geopolitical tensions also boosts the demand for risk assets like Bitcoin.
On the same day, the price of BTC reached a new peak at 112,152 USD, currently trading around 110,990 USD. Ethereum ETF funds also recorded an inflow of +211.3 million USD, bringing the total inflow to 4.72 billion USD.