The daily net capital inflow into spot Bitcoin ETFs reached $301.04 million on July 15, 2024, marking the seventh consecutive day of positive inflow in the U.S. sector.
This sustained trend indicates robust investor confidence and renewed interest in Bitcoin ETFs. Hong Kong also recorded inflows in both Bitcoin (49.85 BTC) and Ethereum (353.4 ETH) spot ETFs, suggesting a global resurgence in cryptocurrency investments.
For the week of July 8 to July 12, 2024, the overall net capital inflow into crypto funds was an impressive $1.44 billion. This highlights the growing momentum in the crypto market. The consistent inflows, coupled with Bitcoin’s price gain, underscore a potential bullish phase for cryptocurrencies.
The sustained positive trend and global participation may signal a long-term bullish phase, emphasizing the strategic importance of this market recovery.
