The investment funds circulated in Bitcoin (the boxes circulating on the stock exchange) have been based in the United States in the form of shining over the past few weeks, as they witnessed a large capital flow during this period. This positive trend should not be surprising, given that the recent feelings towards encryption in the United States were never more optimistic.
An example of this – US President Donald Trump has officially signed the first purification bill, a genius law, in the law on Friday, July 18. On the same day, the Instant Bitcoin Investment Funds saw enough green to continue the continuous daily capital flow chain.
Bitcoin ETFS records a daily flow of $ 363 million to close last week
According to the latest market data, the ETF market in the United States saw Bitcoin a total daily flow of $ 363.45 million on Friday, July 18. This round of flows on the twelfth consecutive day was to flow positive capital for encryption products.
As expected, ISHares Bitcoin Trust (with Ticker Ibit) contributed to most of the capital seen on Friday, adding $ 496.75 million a day. The largest ETF in Bitcoin ETF by the assets under management continues to influence, as a strong portfolio approaches approximately $ 90 billion.
TRUST Bitcoin’s Trust (BTCW) was the other Bitcoin ETF that recorded a positive flow day to close last week. Sosoverue data shows that the stock exchange box recorded a $ 3.11 million flow on Friday, and it represents its first activity since the series of withdrawals in late March and April.
Only five of the investment funds traded in Bitcoin EtFS were recorded on Friday, including Fidelity Wise Orige Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), ARK 21Shares Etf (ARKB), Bitcoin Bitcoin Etf (BitB), VANECK Bitcoin Etf (Hodl). Cutting, these boxes circulated on the stock exchange witnessed a total of 136.42 million dollars, the value was withdrawn to close the week.
Source: SoSoValue
However, this round of withdrawals did not prevent the Bitcoin’s investment funds from registering the twelfth consecutive day of positive net flows. Moreover, encryption products recorded the second consecutive week at more than $ 2 billion, with 2.39 billion dollars last week.
Bitcoin price overview
Another performance of $ 2 billion in the US -based Bitcoin investment funds were in isolation, as it was accompanied by a historical week for the Bitcoin price. The BTC price continued to gather last week, reaching $ 122,800 to form the highest new level ever.
Until these lines, bitcoin hovers around the level of $ 118,000, with no large movement in the past 24 hours. According to data from Coingecko, the first cryptocurrency increased by more than 12 % last month.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
