Bitcoin Spot ETF dem get $80M money enter; IBIT dey lead, GBTC dey commot money
US Bitcoin spot ETFs don record dia fourth day in a row wey money dey flow in, total $79.98 million on July 29. BlackRock iShares Bitcoin Trust (IBIT) lead with $158 million new money, make their assets under management (AUM) reach $57.547 billion. VanEck HODL ETF add $5.82 million. Meanwhile, Grayscale GBTC experience $48.97 million as money dey flow out, the total redemption reach $23.635 billion. Bitwise BITB and ARK Invest ARKB sef collect redemptions of $26.22 million and $8.2 million. Total AUM for all Bitcoin spot ETFs don reach $152.711 billion, wey be like 6.53% of Bitcoin market cap. This kind steady money wey dey come in show say institution people dey want regulated crypto exposure wella and fit make supply for exchange tight, wey go support Bitcoin price and liquidity. Traders sabi watch ETF flow movement, fee changes, and regulatory updates to catch any changes for how money go dey allocated.
Bullish
Di steady di net money wey dey enter Bitcoin spot ETFs mean say institutional demand dey grow for regulated crypto exposure. As big kapital dey flow through IBIT and oda ETFs, supply for exchange fit tighten, wey fit cause Bitcoin price to rise short term. For long term, steady inflows fit improve market liquidity and show say market dey mature, wey go attract more institutional and retail pipul. But traders suppose dey watch out for regulatory changes and fee changes wey fit make money waka go different ETF providers.