Bitcoin’s monthly returns for 2024 have showcased notable volatility. January started the year with a modest gain of +0.87%, followed by a substantial surge of +44% in February, reflecting strong investor confidence. March continued this positive momentum with a +16.3% return.

However, April saw a decline of -14.7%, indicating a market correction. May bounced back with an +11.1% gain, but June experienced another drop of -7.11%. July closed the month with a small positive return of +2.92%, highlighting ongoing fluctuations.

The year-to-date (YTD) return is an impressive +51.8%, with a 6-month return of +42.8% and a 1-year return of +116.3%. Short-term performance over the past 7 days shows a slight decline of -1.67%, while the 3-month return is +8.85%. This analysis highlights Bitcoin’s dynamic market behavior and underscores the importance of staying informed about market trends.

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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As of August 01, 2024, the net flow of Bitcoin within U.S. ETFs showcases significant movements and investor sentiment. BlackRock’s IBIT ETF saw a positive net inflow of 319 BTC, bringing its total holdings to 342,978 BTC, indicating continued investor confidence.

In contrast, Grayscale’s GBTC experienced a substantial outflow of 1,127 BTC, reducing its holdings to 241,285 BTC. Fidelity’s FBTC also faced a net outflow of 481 BTC, now holding 180,514 BTC. Other ETFs such as ARK Invest’s ARKB and Bitwise’s BITB showed smaller outflows of 70 BTC and 44 BTC, respectively.

VanEck’s HODL ETF saw an outflow of 85 BTC, while Invesco Galaxy’s BTCO had a minor outflow of 11 BTC. Grayscale Bitcoin Mini Trust’s BTC reported no net inflow or outflow for the day, highlighting stable investor interest.

Overall, the total net outflow across all listed U.S. Bitcoin ETFs amounted to 1,499 BTC, translating to a market value decrease of approximately $94.5 million, reflecting a cautious stance among investors on this particular day.

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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Futu Securities International, Hong Kong’s premier online brokerage, has unveiled cryptocurrency trading services for its 22 million users. The platform now supports Bitcoin and Ether, marking a significant milestone as it becomes the first online brokerage to empower Hong Kong-based retail investors with direct access to the major cryptocurrencies.

This strategic move taps into the surging global interest in cryptocurrencies, coming just a week after the U.S. debuted its first spot Ether exchange-traded funds (ETFs). The timing coincides with a notable uptick in cryptocurrency investments, suggesting a robust influx of new capital into Bitcoin and Ether markets.

The launch reflects an optimistic outlook for the cryptocurrency sector, underscored by Bitcoin’s open interest reaching a record $39.4 billion. This surge hints at a potential price breakout, reinforcing the growing confidence among investors in the future of digital currencies.

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