The FNB Bitcoin Spot based in the United States (negotiated funds on the stock market) have been in sparkling form in recent weeks, seeing an influx of significant capital during this period. This positive trend should not surprise, considering that the recent feeling towards the crypto in the United States has never been so optimistic.
Example – The President of the United States, Donald Trump, officially signed the first Crypto bill, Genius Act, Friday, July 18. The same day, Bitcoin ETFs saw enough green to continue their sequence of daily capital dishes.
FNB Bitcoin records $ 363 million in daily entrance to close last week
According to the latest market data, the US Bitcoin ETF market experienced a total daily entry of $ 363.45 million on Friday, July 18. This series of entries marked the 12th consecutive day of afflux of positive capital for investment products linked to cryptography.
As expected, Ishares Bitcoin Trust of BlackRock (with the Ticker Ibit) contributed to the majority of the capital seen on Friday, adding $ 496.75 million on the day. The largest ETF Bitcoin by Asset Under Management continues to impress, with a solid wallet nearly $ 90 billion.
Wisdomtree’s Bitcoin Trust (BTCW) was the only other ETF Bitcoin to record a positive day of influx to close last week. Sosovalue data show that the Stock Exchange Fund posted a capital entrance to 3.11 million dollars on Friday, representing its first activity since the series of withdrawals at the end of March and April.
Friday, only five other ETF Bitcoin recorded an investor activity, including Fidelity Wise Origin Bitcoin Fund (FBTC), Grayscale Bitcoin Trust (GBTC), ARK 21Shares ETF (ARKB), Bitwise Bitcoin Etf (BitB) and Vaneck Bitcoin Etf (HODL). Cumulatively, these funds negotiated on the stock market saw a net total of $ 136.42 million in value withdrawn to close the week.
Source: SoSoValue
However, this series of withdrawals did not prevent the FNB Bitcoin from registering their 12th consecutive day of positive net entries. In addition, the products related to cryptography posted their second consecutive week of more than $ 2 billion in entries, with a performance of $ 2.39 billion last week.
Bitcoin price preview
Another performance of $ 2 billion for ETF Bitcoin based in the United States did not occur in isolation, as it was accompanied by a historic week for the price of Bitcoin. The BTC price continued its rally in last week, reaching up to $ 122,800 to form a new summit of all time.
To date, the price of Bitcoin oscillates around the level of $ 118,000, without significant movement in the last 24 hours. According to Coingecko data, the first cryptocurrency increased by more than 12% in the last month.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock star image, tradingview graphic
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