BlackRock’s IBIT Drives $779.6M Net Inflow in US Bitcoin Spot ETF on July 17
On July 17, US Bitcoin spot ETFs witnessed significant capital inflows, as reported by Farside Investors. The total net inflow reached $779.6 million, underscoring growing institutional interest in crypto asset exposure through regulated investment vehicles. Notably, BlackRock’s IBIT ETF led the inflows, attracting $763.9 million on the same day. This surge reflects increasing confidence among investors seeking direct Bitcoin exposure within traditional financial frameworks. The robust inflows into these ETFs highlight a pivotal shift in market dynamics, emphasizing the expanding role of crypto assets in diversified portfolios. Market participants should monitor these trends closely, as they may influence Bitcoin’s liquidity and price stability in the near term.