Crypto News

Inflows Surge for Regulated Spot Bitcoin ETFs in the US As the market for cryptocurrencies becomes more mainstream, the demand for regulated spot Bitcoin ETFs in the United States is on the rise. In the past two months alone, these ETFs have seen a significant increase in inflows, even amidst the recent selling pressure that caused Bitcoin's price to drop to a 6-month low of $53,500 on July 5th. Bitcoin ETFs and Institutional Investors According to data from analytics providers SoSo Value and Ecoinmetrics, Bitcoin ETFs have been consistently accumulating BTC in their holdings. This is a strong sign of growing interest and confidence from institutional investors in the cryptocurrency market. Despite a slight dip in inflows at the beginning of June, Bitcoin ETFs have quickly regained momentum and continue to add to their BTC holdings. Control Over 9% of Total Bitcoin Supply The growing demand for Bitcoin ETFs has also led to a significant increase in their control over the t...