Krutika Adani
US Bitcoin ETFs have raked in $17 billion worth of net inflows in the first three weeks of July 2024.
The top gainers were IBIT ($18.9 Billion) and FBTC ($9.9 billion). The top loser for the period was GBTC, which lost $18.6 billion in outflows alone.
GBTC’s high fees of 1.5% are almost six times those of others, such as IBIT (0.25%) and FBTC (0.25%).
The launch of Ethereum ETFs seems to have lifted market sentiments, which had dropped to extreme lows a few days ago.
The possibility of a Donald Trump-led government has fueled hope in the crypto markets.