On July 16, 2024, U.S. Bitcoin ETFs demonstrated remarkable growth with a net influx of 5,383 BTC across various funds, reflecting growing investor enthusiasm and market confidence. Leading the charge, BlackRock’s IBIT ETF saw an impressive increase of 1,844 BTC, boosting its total to 318,120 BTC. This substantial gain underscores BlackRock’s strong position in the crypto ETF sector.

Fidelity’s FBTC also showed robust performance with an additional 568 BTC, signaling strong and continuous interest in Bitcoin as an investment vehicle. Similarly, Grayscale’s GBTC added 366 BTC, maintaining its appeal among investors looking for crypto exposure.

Other notable contributions came from ARK Invest’s ARKB, which matched BlackRock’s gain, and Invesco’s Galaxy BTCO with a 350 BTC increase. Despite varied performance across different funds, the total holdings for these ETFs now stand at a staggering 891,331 BTC, valued at approximately $57.5 billion. This growth highlights the expanding footprint of Bitcoin ETFs in the U.S. market, as more investors turn to cryptocurrency as a significant component of their investment portfolios.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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