Bitcoin Don Pass $120K As US Spot ETFs Draw $297M Inflows

Bitcoin don pass $120,000 for di first time as US-listed spot Bitcoin ETFs record net inflow of $297.47 million on July 14, marking eight days in a row of positive flows. BlackRock’s IBIT lead with $394.78 million, while Grayscale’s GBTC add $12.75 million after e convert to spot ETF. VanEck’s HODL and Bitwise’s BITB contribute small gains, wey balance out di outflows from ARK Invest’s ARKB and Fidelity’s FBTC because of portfolio adjustments. Di rally still get support from Bitcoin recent halving event plus growing expectation for US interest-rate cuts. Analysts dey eye $150,000 as next milestone, but dem warn say momentum fit slow down if ETF inflows reduce or macro conditions change. Di steady capital inflows show say institutional adoption dey grow deep plus SEC-backed ETF legitimacy, wey dey offer traders liquidity and transparency. For di future, market players suppose watch ETF flow trends, regulatory developments, and Fed policy signs for near-term price clues.