The re-ignited Bitcoin (BTC) ETF frenzy with BlackRock, the world’s largest asset management company, has led to record funding inflows into global Bitcoin products on a monthly basis.
BlackRock’s mid-June spot Bitcoin ETF (exchange mutual fund) The application has led many asset management companies to request approval from the SEC for ETF listing. globally It had reignited interest in Bitcoin ETPs (stock market investment product).
In this context, crypto research company K33 Research (formerly Arcane Research)for Bitcoin exchange-traded products by investors. of your interest self it shows in the numbers conveyed. According to the data provided by the research company, BlackRock announced its ETF application. from mid-June made to Bitcoin ETPs globally since entries, of all time second highest level reached.
According to the report 16 June-16 July between the size of Bitcoin ETPs, 754 million worth a dollar 25,202 BTC increasing 5.8 billion worth a dollar to 196,824 BTC reached. This entry in October 2021 of ProShares Futures Bitcoin ETF (BITO) seen since launch biggest monthly login it was underlined.
It also includes the total amount of Bitcoin under management of global Bitcoin ETPs. from July 2022 since at the highest level It was noted that.
On the other hand, the BITO balance sheet 1.1 billion worth a dollar to 39,470 BTC It was also among the details mentioned in the report that it reached the highest Bitcoin level of all time. in the report BITO The following expressions were used for:
BITO spikes have generally occurred close to local market tops. While BITO’s overall BTC holdings remained structurally stable from June 2022 until last week, it has recently experienced a significant increase.
Coinecko according to data 30 days in 12.9% appreciated bitcoin, end 24 hours in 0.1% depreciating $29,942 traded at the level.