GBTC - Bitcoin Spot ETFs Continue Inflow Streak...But What's Up With This Technical Indicator? | Benzinga
Bitcoin spot Exchange-Traded Funds (ETFs) recorded their ninth consecutive day of net inflows on July 17, totaling $53.3475 million.
What Happened: This continued influx of capital suggests growing investor confidence in Bitcoin (CRYPTO: BTC) as a viable asset class, despite ongoing market volatility.
Leading the charge was BlackRock‘s (NASDAQ:IBIT) ETF, which saw a substantial net inflow of $110 million, according to data from SoSo Value.
Fidelity‘s (BATS:FBTC) ETF also contributed positively with a net inflow of $2.8259 million.
However, the Grayscale Bitcoin Trust (OTC:GBTC), which recently converted to an ETF, experienced a net ...