Bitcoin ETF Inflows Surge Beyond $17 Billion
Between July 15-19, 2024, spot Bitcoin ETFs saw a net inflow of $17.08B, led by FBTC. On July 19 alone, inflows hit $383.6M. Bitcoin’s price rose 14.4% to $66,541. #Update #BitcoinETF
Crypto Investment
Bitcoin ETF Inflows Skyrocket to $383 Million
On July 19, 2024, American spot Bitcoin ETFs saw a $383.6M net capital inflow, led by $141.02M from the Fidelity Wise Origin Bitcoin Fund. In contrast, Hong Kong faced a 44.97 BTC outflow. Five new Bitcoin ETFs launch on Cboe July 23. #Update #Bitcoin #ETF
Note: Ensure to verify the Fidelity Wise Origin Bitcoin Fund’s Twitter handle if available.
Funding Success: Allium and Bima Labs Raise Millions
Allium raised $16.5M led by Theory Ventures, boosting its total to $21.5M to enhance blockchain data infrastructure for enterprises like Visa and Stripe. Bima Labs secured $2.25M to develop Bitcoin-backed stablecoins. #Crypto #Update
Cryptocurrency Projects Secure $82.6M Investment Surge
In the week of July 13-20, 2024, 22 crypto projects secured $82.6M in funding. Leading were @Allium with $16.5M and @Chainbase with $15M. Significant investments include Mira’s $9M and Caliza’s $8.5M. Smaller projects like Haruko raised $6M. #Update #CryptoInvestments
Bitcoin ETF Surge: Major U.S. Bank Invests Heavily
.@BitwiseInvest CEO Hunter Horsley reveals a major U.S. bank has invested heavily in Bitwise’s Bitcoin ETFs. This marks a key milestone in crypto adoption, with 20% of the bank’s wealth management branches buying in. Bitwise’s Bitcoin ETF holds 40,499.93 BTC valued at $2.71B. #CryptoNews
Ethereum ETF Trading Launches on Cboe July 23
Cboe will launch five spot Ethereum ETFs on July 23, 2024, confirmed by Nate Geraci from @ETFStore. Grayscale Investments increases fees while others waive them. Ethereum trades above $3500, up 11% weekly. This can boost crypto investment. #Ethereum $ETH
Ethereum Supply Surge Dampens Spot ETF Enthusiasm
#Update Investors are excited as the spot $ETH ETF approval nears in 3 days. Yet, ETH supply rises by 60,000 ETH/month since April, totaling a 150,000 ETH increase recently. Analyst Benjamin Cowen points to Fed policy for price moves. Potential multi-billion dollar inflows seen by end of 2024.
Fidelity Surpasses BlackRock in Bitcoin ETF Race
Fidelity’s $FBTC has overtaken BlackRock’s $IBIT in Bitcoin ETF inflows, with $141M on July 19 compared to $116M. $FBTC’s AUM is nearing $10B, standing at $9.962B. Bitcoin ETFs see strong performance, pushing Bitcoin prices past $67K. #Update
Binance Secures Court Approval for US Treasury Investment
Binance gains US court approval to invest customer fiat funds in US Treasury Bills, enhancing investment security amidst ongoing SEC case. This move, approved by Judge Amy Berman Jackson, allows Binance to hire third-party advisors for corporate assets. #Update
Bitcoin Spot ETF Attracts $84M Daily Investment
U.S. spot Bitcoin ETFs saw a $84.7M inflow on July 18, marking the 10th day of positive movement. Grayscale Bitcoin Trust ($GBTC) had a $22.5M outflow. Hong Kong’s spot Bitcoin ETFs reported a modest net inflow of 1.6 BTC. #Update #Bitcoin #Crypto
Bitcoin ETF Draws $1.2B Since July
BlackRock’s Bitcoin ETF has attracted 18,600 BTC ($1.2B) since July 2024, marking nine consecutive days of positive flow. Despite skepticism, Bitcoin stabilized above $64,400. Co-founder Thomas Farrer highlights the rarity of such consistent inflows, signaling potential institutional adoption. #Update #Bitcoin #ETF
Ethereum ETF Mini-Trust Full Fee Waiver Announced
Grayscale announces a full fee waiver for its $ETH ETF Mini-Trust up to $2B in inflows or six months, cutting fees to 0.15%, the lowest among competitors. Ethereum trades at $3,400 with bullish sentiment. #CryptoNews
Ethereum ETF Launch: Solana ETF Approval Uncertain
Spot Ethereum ETFs launched, but @EYnews’ Paul Brody warns this doesn’t guarantee Solana ETF approval. Differences in decentralization and liquidity between $ETH and $SOL, plus fragmented U.S. regulations, complicate matters. #CryptoUpdate
Solana Ecosystem Attracts Major Venture Capital Investment
Solana’s native token $SOL rebounds post-FTX crash, boosted by VanEck’s ETF filing. Pantera Capital dubs it the “macOS of blockchains,” fueling growth in active addresses and fees. Major investments and innovations position Solana as a blockchain leader. #Update