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Benzinga
Benzinga
Business
Murtuza J Merchant

$1.5 Billion In One Day: Why Bitcoin And Ethereum ETFs Are Running Wild

Bitcoin ETF Ethereum SosoValue United States Crypto BlackRock Grayscale
Etf,Btc,-,Bitcoin,Exchange,Traded,Fund,,Stock,Market,Trading

U.S. spot Bitcoin (CRYPTO: BTC) ETFs recorded a daily net inflow of $799.4 million on July 16, extending a ten-day streak of consistent institutional inflows and pushing cumulative inflows past $53.8 billion, according to data from SoSoValue.

The inflows come amid surging prices and a broader industry push for regulatory clarity during the ongoing "Crypto Week" in Washington.

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