The daily net flow of U.S. Bitcoin ETFs as of July 22, 2024, highlights a thriving market with substantial investor activity. The total Bitcoin holdings across various ETFs amount to 904,769 BTC, valued at $60.7 billion, with a significant net inflow of +5,518 BTC, or $370 million. This indicates strong and growing interest in Bitcoin ETFs as a preferred investment vehicle.

Leading the charge is BlackRock (IBIT), with an impressive 327,180 BTC holdings and a notable net inflow of +1,730 BTC. Fidelity (FBTC) also shows remarkable performance, holding 180,689 BTC and boasting the highest net inflow of +2,099 BTC. These figures reflect the confidence of major financial institutions in the long-term value of Bitcoin.

Grayscale (GBTC), despite holding a significant 271,794 BTC, experienced a slight net outflow of -366 BTC, indicating some investor profit-taking or reallocation. Other ETFs like ARK Invest (ARKB) and Bitwise (BITB) also show healthy inflows, reinforcing the broad appeal and trust in Bitcoin-based investment products.

Overall, the positive net inflows across most ETFs suggest a robust market sentiment and a bullish outlook for Bitcoin. This growing institutional adoption and investor confidence underscore Bitcoin’s evolving role as a critical asset in the financial ecosystem, offering both stability and growth potential for savvy investors.

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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The crypto market is witnessing a bullish trend with a third consecutive week of inflows, totaling $1.35 billion last week alone. This surge has propelled July’s figures past the $3 billion mark, highlighted in CoinShares’ recent report. Bitcoin continues to dominate, drawing in $1.27 billion, primarily through major products like BlackRock’s IBIT and Fidelity’s FBTC. Despite a slight dip, short-bitcoin ETPs experienced minor outflows of $1.9 million.

The broader market also showed robust activity with ETP trading volumes soaring by 45%, reaching $12.9 billion last week. This represents only a fraction of the total market volume but underscores the increasing investor interest. Ethereum and other altcoins like Solana and Litecoin also recorded positive inflows, with Ethereum’s upcoming ETFs stirring further anticipation.

Geographically, the investment fervor was strongest in the US and Switzerland, with significant inflows of $1.3 billion and $66 million, respectively. Conversely, Brazil and Hong Kong saw minor outflows. This global pattern of investment points to a sustained confidence in crypto, driven by both seasoned players and new entrants, setting a vibrant tone for the market’s future.

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The Breez SDK is launching integration of the Liquid Network in addition to their support for the Lightning Network. Breez SDK has been a great success in making integration of Lightning support easier for developers. Used by Relai, Cake Wallet, CrowdHealth, and numerous other companies who have built out support for the Lightning Network.

Liquid support represents the next phase of significant expansion of the Breez SDK. Liquid is a federated sidechain network utilizing L-BTC, a bitcoin backed token custodied by the members of the federation operating the Liquid Network.

It is important to note that while people using the Liquid Network do self custody their L-BTC, having control to…

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Hong Kong is ushering in a groundbreaking development in the cryptocurrency sector with the introduction of Asia’s first inverse exchange-traded fund (ETF) linked to Bitcoin, spearheaded by CSOP Asset Management. The CSOP Bitcoin Futures Daily (-1x) Inverse Product, debuting on Tuesday, is designed for investors to hedge or capitalize on the declines in Bitcoin prices, particularly in the wake of U.S. political turbulence affecting the markets.

This strategic move underscores Hong Kong’s aspirations to solidify its status as a premier destination for crypto finance, rivaling hubs like Singapore and Dubai. The launch aligns with the city’s broader efforts to foster a crypto-friendly environment, evidenced by the recent introduction of both Bitcoin and Ether ETFs. Despite mixed responses to these earlier offerings, the new inverse ETF is set to enhance Hong Kong’s competitive edge in the crypto sphere.

Amidst fluctuating Bitcoin values, which recently saw a surge to $67,234 following former U.S. President Donald Trump’s renewed political prospects, CSOP’s CEO Ding Chen sees potential for significant asset accumulation, aiming for $50 to $100 million within a few years. The introduction of this product not only caters to current market demands but also bolsters Hong Kong’s positioning as a leading global player in cryptocurrency investments.

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