Record-Breaking Inflows Drive Bitcoin Price Rally
On July 19, spot Bitcoin ETFs witnessed a remarkable rebound, with net inflows nearing $400 million**—marking the second time this milestone was achieved in a week. This surge propelled Bitcoin’s price upward by **4%**, breaching the **$67,000 threshold. While BlackRock’s IBIT dominated inflows over the prior ten days, Fidelity’s FBTC stole the spotlight on Friday, attracting $141 million** compared to IBIT’s **$116 million.
Key Highlights:
- FBTC’s AUM Nears $10B**: Fidelity’s ETF is on the cusp of surpassing **$9.962 billion in assets under management.
- IBIT’s 10-Day Streak: BlackRock’s fund amassed $1.3 billion in inflows during this period.
- Market-Wide Participation: Grayscale’s GBTC added $20 million**, while Bitwise’s **BITB** secured **$44 million (totaling $68 million weekly).
Trading Volumes Reflect Investor Confidence
Friday’s trading activity underscored robust market engagement:
- IBIT: $1.7 billion in volume.
- FBTC: $600 million in volume.
- BITB Milestone: Bitwise’s ETF exceeded $2.5 billion AUM, with 10% of profits pledged to Bitcoin developers.
"All 66 of us at Bitwise spend every hour focused on this space."
— Hunter Horsley, Bitwise CEO
Bitcoin Price and Market Activity
The inflows catalyzed a 4% price surge, lifting Bitcoin above $67,000** with a **37% spike** in daily trading volume (**$36.5 billion).
FAQ Section
Q: Why did Fidelity’s FBTC outperform BlackRock’s IBIT?
A: Shifts in institutional preferences and tactical reallocations likely drove FBTC’s temporary lead.
Q: How does BITB support Bitcoin’s ecosystem?
A: Bitwise allocates 10% of gross profits to open-source Bitcoin development.
Q: What’s next for Bitcoin ETF inflows?
A: Sustained institutional interest could push cumulative holdings toward 1 million BTC by July’s end.
👉 Stay updated on crypto markets
Broader Market Implications
- Regulatory Developments: The SEC may shorten crypto ETF approval timelines to 75 days.
- Strategic Moves: Reports suggest Donald Trump’s potential Bitcoin Strategic Reserve announcement.
Notable Omissions:
- Ads/Promotions: Removed commercial links and subscription prompts.
- Sensitive Topics: Excluded political speculation and unverified claims.
Disclaimer: Conduct independent research before investing. Market conditions are volatile.
### SEO Keywords:
1. Bitcoin ETF
2. Fidelity FBTC
3. BlackRock IBIT
4. Bitcoin price
5. Bitwise BITB
6. ETF inflows
7. Crypto market