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BlackRock's Spot Bitcoin ETF Records $526 Million in Inflows

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BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), saw a massive inflow of $526 million on Monday. This marked the largest single day of inflows for the ETF since March.

On July 22nd, IBIT attracted nearly $527 million in net inflows, bringing BlackRock’s Bitcoin fund’s total assets under management to over $22 billion.

Monday’s gain was the seventh-largest daily inflow on record for IBIT in dollar terms. Its previous record was set on March 18th, when the fund saw $849 million worth of Bitcoin inflows.

Across all spot Bitcoin ETFs in the U.S., total net inflows reached $530 million on Monday – the highest weekly total in over seven weeks. The surge signals renewed institutional appetite for Bitcoin investment products.

Other spot Bitcoin ETFs, such as the Fidelity Wise Origin Bitcoin Trust and the Invesco Galaxy Bitcoin ETF, also saw solid inflows. However, BlackRock’s IBIT dominated, accounting for over 98% of total inflows.

Analysts cite improving sentiment around Bitcoin as a tailwind for ETF demand. The recent exit of President Biden from the 2024 race and rising odds of a Trump victory are seen as potential catalysts.

BlackRock’s spot Bitcoin ETF is going strong, cementing its position as the largest Bitcoin fund in the world. The huge inflows reflect persistent and growing institutional demand for regulated Bitcoin investment vehicles.





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Bitcoin ETF options coming ‘soon’ following CFTC clearance 

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The U.S. Commodity Futures Trading Commission issued an advisory through its Division of Clearing and Risk stating it would no longer have a role in clearing Bitcoin ETF options.

The agency is transferring this responsibility to the Options Clearing Corporation, according to a prepared statement.

“[..] In light of relevant precedents in the courts, it is substantially likely these spot commodity ETF shares would be held to be securities. Therefore, DCR’s position is the listing of these shares on SEC-registered national securities exchanges does not implicate the CFTC’s jurisdiction.”

CFTC staff advisory.

According to the commission, the OCC, which serves as the “sole issuer of all equity options” in the U.S., now holds the final authority to decide whether these options will be listed.

Experts believe the OCC’s approval could be imminent, with ETF analyst Eric Balchunas predicting it will come “very soon.” 

Meanwhile, market commentator Andrew said the CFTC’s move came much quicker than expected, as approval was initially anticipated by late Q1 2025, but this decision could speed things up.

Bitwise Invest’s Jeff Park suggested that while he was optimistic about the chances of a year-end approval, he wouldn’t “short the odd.”

The advisory follows the SEC’s approval last month, which cleared applications from the New York Stock Exchange and the Chicago Board Options Exchange to list and trade Bitcoin ETF options.

Options contracts give investors the right, but not the obligation, to buy or sell an underlying asset at a specified price before a set date. The SEC believes options trading could bring “better price efficiency” and “less volatility” to Bitcoin ETFs, helping to stabilize the market while making it more transparent and efficient overall.

Bitcoin advocates view the approval of Bitcoin ETF options as a game-changer, bringing more liquidity to the market. See below.

Earlier this year, Grayscale CEO Michael Sonnenshein advocated for the swift approval of Bitcoin ETF options, saying that these offerings could pull in more players, like broker-dealers, and deepen Bitcoin’s ties with traditional finance.

Crypto influencer Mario Nawfal, in a recent social media post, highlighted the buzz around Bitcoin ETF options, saying institutional investors are “drooling” over the opportunities.

“This is your mainstream finance world, now featuring Bitcoin,” he wrote.

Bitcoin reacted positively to the development, breaking past the $91,000 resistance level it struggled with over the past two days. At press time, the flagship cryptocurrency was trading at $91,293, up 2.4%.





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Ether (ETH) ETF Inflows Hit Record, Bitcoin ETF Inflows Soar as BTC Price Eyes $90K

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“Assets in the US spot bitcoin ETFs are now up to $84b, which is 2/3 of the way to what gold ETFs have, all the sudden there’s a decent shot they surpass gold before their first birthday (we predicted it would take 3-4yrs),” Eric Balchunas, a senior analyst at Bloomberg, said in a post on X.



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Bitcoin (BTC) ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts

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BTC trades above $76,000 in Asian morning hours Friday, up nearly 10% over the past week. In line with analyst expectations, the Federal Reserve cut rates by 25 basis points on Thursday in a move that typically supports risk assets like bitcoin by increasing liquidity and weakening the dollar.



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