On July 19, 2024, the American spot Bitcoin ETF sector saw a notable net daily capital inflow of $383.6 million. This marked a significant milestone, continuing an 11-day streak of positive momentum.
This surge was led by the Fidelity Wise Origin Bitcoin Fund, which attracted $141.02 million. The inflow on July 19 was substantially higher than the previous day’s $37 million, highlighting increased investor confidence in Bitcoin ETFs.
In contrast, Hong Kong’s spot Bitcoin ETF sector experienced a net outflow of 44.97 BTC, showcasing differing trends in global markets. The consistent inflows into American ETFs suggest bullish sentiment and potential growth for Bitcoin.
With five new Bitcoin ETFs launching on the Cboe exchange on July 23, 2024, market activity is expected to further increase. This ongoing trend underscores the growing mainstream acceptance of Bitcoin as a viable investment asset.
