Bitcoin Aims $70K As US Spot BTC ETF Streak Hits 11th Positive Day
The post Bitcoin Aims $70K As US Spot BTC ETF Streak Hits 11th Positive Day appeared first on Coinpedia Fintech News
On July 19, Bitcoin experienced a remarkable overnight surge, briefly crossing the $67,000 threshold before closing at $66,706, representing a 4.29% increase. This significant price movement is mirrored by positive activity in the Bitcoin ETF market.
The daily net inflow for Bitcoin ETFs reached $267.4M, bringing cumulative inflows to $16.89B. The total value traded was $1.19B, and net assets amounted to $59.4B, which is 4.59% of Bitcoin’s market capitalization.
The leading gains in ETF inflows were FBTC from Fidelity, with $141.02M in new inflows, BITB from Bitwise, with $44.65M, and HODL from VanEck, with $41.78M.
