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Crypto

BlackRock Dominates $233M Daily Inflow into Bitcoin ETFs

Guavy AI Editorial Team
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BTC
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Bitcoin ETFs recorded their strongest daily inflow in over three weeks on July 30, netting $233.1 million. This influx, led by BlackRock's iShares Bitcoin Trust (IBIT), marked a significant rebound for the funds.

According to Farside Investors' data, IBIT accounted for 78.7% of the daily total with an inflow of $183.4 million. The fund's net asset value rose 1.26% to $36.68 on July 30, while its Bitcoin benchmark stood at $64,764.70.

The influx was a welcome respite for Bitcoin ETFs, which had experienced two consecutive months of outflows in May and June, losing approximately $4.51 billion and $2.41 billion, respectively.

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