Data: The net inflow of the US spot Bitcoin ETF has exceeded 1 billion dollars in the past three days

2024-07-17 13:19:54

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ChainCatcher message, according to tracking data from Farside Investors and Coinglass, on Tuesday, the cumulative net inflow of 11 U.S. spot Bitcoin funds reached $422.5 million, the highest single-day net inflow since June 5, continuing a seven-day upward trend. In just the past three days, these funds have attracted over $1 billion in total.

Data shows that since hitting a low near $53,500 on July 5, BTC has surged 23% to $65,800. In addition to ETF inflows, the price rebound may also be related to the easing of selling pressure in Saxony, Germany, the significantly increased likelihood of pro-cryptocurrency Republican candidate Donald Trump winning the U.S. presidential election on November 4, and Trump's decision to appoint BTC holder and Ohio Republican Senator J.D. Vance as vice president.

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U.S. spot Bitcoin ETF net inflow

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