Up to July 23, 2024, U.S. Bitcoin ETFs have been very active, with a great net inflow of 8,021 BTC valued at $537 million. The biggest contributor is BlackRock, which massively expands the holdings by 7,764 BTC, leaping in a big 334,943 BTC. Such a huge inflow represents BlackRock being huge in the Bitcoin ETF market, a great pusher for an aggressive pace of expansion. Grayscale added 268 BTC and now holds 272,062 BTC in its portfolio, an indication that the confidence in the market is high. Fidelity was the next-highest purchase with 350 BTC, taking its holding up to 181,039 BTC. VanEck was in a distant third but saw huge inflows of 622 BTC into its funds, which now hold 11,596 BTC, suggesting a growing interest in its ETF products.

Not all companies, however, benefited. Invesco Galaxy saw net outflows of 280 BTC, whereas Bitwise had a net outflow of 703 BTC, suggesting there could be a change in investment strategy or perhaps profit-taking by a whale investor. ARK Invest, Valkyrie, and Franklin Templeton had no such net change in their respective holdings of BTC. Altogether, these ETFs accounted for the Bitcoin holdings of 912,790 BTC, or $61.1 billion. Dynamic shifts in the flow of capital into Bitcoin ETFs reflect a rapidly competitive and changing landscape among investments in digital assets that capture interest from major financial players.

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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