The Net Inflow into the Spot Bitcoin ETF Was $301.04 Million as of July 15, 2024

The Spot Bitcoin ETF's total net asset value is approximately $56.72 billion, with an ETF Net Asset Ratio of 4.51%.

The net inflow into the Spot Bitcoin ETF stood at $301.04 million as of July 15, 2024, Eastern Time. Notably, BlackRock’s IBIT led the trend with a daily inflow of $117.25 million. Its historical net inflow now amounts to $18.38 billion, while Grayscale's historical net outflow stands at $18.64 billion.

Moreover, ArkB, Ark Invest, and 21Shares have a net historical inflow of $2.62 billion. The daily net inflow yesterday was $117.19 million. The total net asset value of the Spot Bitcoin ETF is approximately $56.72 billion, with an ETF Net Asset Ratio of 4.51%. The historical cumulative net inflow is $16.11 billion.

This development comes as BTC is currently priced at $64,063.34, showcasing a surge of 2.05% in the last 24 hours and 11.78% over the past 7 days. In the same order, there is a notable uptick in market cap and 24-hour trading volume of 2.13% and 40.01%, respectively.

Of late, the token has been experiencing a decline, and two factors have been identified as the cause. These include the sale of seized BTC by the German government and settlement plans by Mt. Gox to the victims of the 2014 hack.

However, another reason, which is not linked to Bitcoin’s rapid growth over the past week, has emerged. Some analysts believe that the attack on Donald Trump has fueled the rally, which is potentially linked to the chances of getting elected as the US president. Hence, there has been a surge since the attack on him. Although these speculations are yet to be confirmed, they remain pretty firmly on the floor.