Bitcoin ETF Frenzy: A Shocking $2 Billion Inflow Strikes Again!

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Bitcoin ETFs on FIRE! $363 Million Flows In โ€” 12 Days of Pure GREEN!

Itโ€™s the Crypto Comeback of the Century! US Bitcoin ETFs are Booming!

The buzz is electric, and the stakes are sky-high! Over the past few weeks, Bitcoin ETFs (exchange-traded funds) in the US have skyrocketed, raking in a jaw-dropping $363 million in just one day! This staggering surge is no coincidence; the crypto climate in the United States has never been hotter!

Hold on to your wallets, because on July 18, President Donald Trump made history by signing the GENIUS Actโ€”the FIRST crypto bill ever! That very same day, Bitcoin ETFs saw a wave of cash like never before!

$363 Million in Daily Inflows? You BET!

Mark the date: Friday, July 18, 2023โ€”a monumental day in the world of Bitcoin! A scorching $363.45 million flowed into US Bitcoin ETFs, marking an unprecedented 12 consecutive days of positive inflowsโ€”UNSTOPPABLE!

BlackRockโ€™s iShares Bitcoin Trust (ticker: IBIT) was the heavyweight champion of the day, adding a staggering $496.75 million to its already massive portfolio. This titan of the Bitcoin world is on the verge of hitting a colossal $90 billion in assets!

Cue the applause for WisdomTreeโ€™s Bitcoin Trust, which finally saw some love with a modest $3.11 million inflowโ€”the first sign of life after weeks of withdrawals!

But not all ETFs were so lucky; five others, including Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust, faced massive withdrawals, totaling $136.42 million. But who cares? The crypto party just keeps getting louder!

A RECORD-BREAKING $2 BILLION in Just Two Weeks!

Despite the setbacks, US-based Bitcoin ETFs are flexing their muscles with over $2 billion in inflows over the past two weeks alone! Thatโ€™s rightโ€”$2.39 billion in just one weekโ€”a clear indication that investors are pouring in like it’s Black Friday!

Bitcoinโ€™s Price Takes a ROCKET RIDE!

And itโ€™s not just the ETFs riding this tidal wave! Bitcoin itself shattered records last week, soaring to a jaw-dropping all-time high of $122,800! Currently, itโ€™s hovering around $118,000โ€”a staggering 12% increase over the past month. Don’t blink, because this rollercoaster is only getting started!

Fasten your seatbelts, crypto enthusiasts; the Bitcoin buzz is BACK, and itโ€™s bringing all the fireworks with it! Are you in or out? The choice is now, and the stakes have never been higher!

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Source: USD @ Mon, 21 Jul.