Bitcoin ETFs net flows cross $16B, led by BlackRock – What’s next for BTC?

Quick Summary:

Bitcoin ETFs hit a new milestone of $16B in YTD net flows, surpassing analyst estimates.

However, most market analysts suggested that Mt Gox’s distribution was “overestimated,” especially given the likely launch of the U.S.spot Ethereum ETFs next week.

BlackRock still led in terms of net flows, which stood at $18.6 billion, followed by Fidelity at $9.8 billion.

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Article Details

Author / Journalist: Benjamin Njiri

Category: Crypto

Markets: United States

Topics: Trading View Social Bitcoin BTC Trading View Ambcrypto News News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 11:00:34 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 595 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21663571

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

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Headquarters: United States

News Last Updated: 8 hours ago

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