{"id":27123,"date":"2024-08-09T10:10:24","date_gmt":"2024-08-09T10:10:24","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/08\/09\/spot-bitcoin-etfs-saw-largest-inflows-in-two-weeks\/"},"modified":"2024-08-09T10:10:24","modified_gmt":"2024-08-09T10:10:24","slug":"spot-bitcoin-etfs-saw-largest-inflows-in-two-weeks","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/08\/09\/spot-bitcoin-etfs-saw-largest-inflows-in-two-weeks\/","title":{"rendered":"Spot Bitcoin ETFs Saw Largest Inflows in Two Weeks"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin spot ETFs<\/a> recorded their largest inflows in over two weeks on Thursday, totalling $192.5 million. This comes after Bitcoin dipped below $50,000 earlier this week amid a global market selloff.<\/p>\n<p>NEW: \ud83c\uddfa\ud83c\uddf8 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETFs saw $192 million in inflows, the highest in over two weeks.<\/p>\n<p>The tides are turning \ud83d\ude80 <a href=\"https:\/\/t.co\/y7Ra6NK4jA\">pic.twitter.com\/y7Ra6NK4jA<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1821826588343685222?ref_src=twsrc%5Etfw\">August 9, 2024<\/a><\/p>\n<p>The inflows helped propel Bitcoin back above $60,000 on Friday. It represents a swift reversal after Bitcoin plunged nearly 20% to its lowest level since February.<\/p>\n<p>The <a href=\"https:\/\/bitcoinmagazine.com\/tags\/blackrock\">BlackRock<\/a> iShares Bitcoin Trust (IBIT) led the bounce back, with inflows of $157.6 million on Thursday. The <a href=\"https:\/\/bitcoinmagazine.com\/tags\/wisdomtree\">WisdomTree<\/a> Bitcoin Trust (BTCW) also had a standout day, attracting over $118.5 million in fresh capital\u2014its largest single-day haul since launching.<\/p>\n<p>BTCW has generally lagged behind rivals, struggling to break $11 million in daily inflows since debuting in January. Its prior record was $10.5 million. But Thursday&#8217;s surge made it the top performer.<\/p>\n<p>The inflows provide evidence of renewed appetite for Bitcoin exposure after a wave of selling earlier in the week, which also battered stock markets like the Nasdaq. Last Friday&#8217;s disappointing U.S. jobs report triggered recession fears.<\/p>\n<p>The bounce back in prices and inflows suggests the Bitcoin selloff may have been a temporary blip rather than the start of a new bearish trend. The recovery to $60,000 has bulls eyeing a retest of all-time highs above $73,000 in 2024.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin spot ETFs recorded their largest inflows in over two weeks on Thursday, totalling $192.5 million. This comes after Bitcoin dipped below $50,000 earlier this week amid a global market selloff. NEW: \ud83c\uddfa\ud83c\uddf8 #Bitcoin ETFs saw $192 million in inflows, the highest in over two weeks. The tides are turning \ud83d\ude80 pic.twitter.com\/y7Ra6NK4jA \u2014 Bitcoin Magazine [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27123","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27123"}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=27123"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27123\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=27123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=27123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=27123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}