Summary:
Bitcoin spot ETFs saw a significant $129 million net inflow on July 1st, marking five consecutive days of positive trends.
The Fidelity ETF (FBTC) attracted a single-day inflow of $65.034 million, while the Bitwise ETF (BITB) saw $41.4022 million.
The US SEC confirmed receipt of the 19b-4 application for the Hashdex Nasdaq Crypto Index US ETF, a unique fund holding both spot Bitcoin and Ethereum.
The approval and launch of the Hashdex ETF could significantly increase inflows into Bitcoin (BTC) and Ethereum (ETH), opening new avenues for institutional and retail investors.
The integration of both cryptocurrencies into a single ETF marks a significant step forward in the maturation of the cryptocurrency market, indicating increasing acceptance of digital assets within traditional financial markets.
Bitcoin spot ETFs witnessed significant net inflows on July 1st, marking a positive trend over five consecutive days. This influx, totaling $129 million, reflects growing investor confidence in these financial instruments. Fidelity ETF (FBTC) saw a single-day inflow of $65.034 million, while Bitwise ETF (BITB) attracted $41.4022 million, according to SoSo Value. Nate Geraci, president of The ETF Store, announced that the US SEC has confirmed receipt of the 19b-4 application for the Hashdex Nasdaq Crypto Index US ETF. This unique fund will hold both spot Bitcoin and Ethereum, offering investors diversified exposure to these cryptocurrencies. The final approval deadline is expected around the first week of March 2025. The approval and launch of the Hashdex ETF could further drive inflows into Bitcoin (BTC) and Ethereum (ETH), providing a new avenue for institutional and retail investors to access these assets. The integration of both cryptocurrencies into a single ETF marks a significant step in the maturation of the crypto market, highlighting the growing acceptance of digital assets within traditional financial markets.
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