On July 10, Bitcoin ETFs in the US recorded inflows of up to $1.18 billion – the second highest level in history, only after Trump's election victory last year. The event took place at the same time that BTC exceeded $118,000, pushing the Fear and Greed index to "total greed", showing that institutional cash flow is coming back strongly.
BlackRock leads the way with $448 million, followed by Fidelity (324 million), Ark (268 million) and Grayscale (81 million). Meanwhile, GBTC continued to be net withdrawn 40 million USD. IBIT's total trading volume exceeded $5 billion – almost double normal.
Ethereum is also not on the sidelines. ETH ETFs recorded $383 million inflows, with BlackRock's ETHA breaking a record $300.9 million in a single day.
Notably, Trump Media has filed a dossier to set up a "Crypto Blue Chip ETF" consisting of 70% BTC, 15% ETH, 8% SOL, 5% XRP and 2% CRO. From once calling Bitcoin a "scam", Trump has now officially entered the crypto ETF game.
With massive cash flows, ETFs set new records, the crypto market exploded when the capitalization exceeded $3.67 trillion, trading volume increased by 67% to $246 billion. Bitcoin leads the wave!!
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