🚀 The Bitcoin (BTC) ETF in the US celebrated its fifth straight day of inflows on July 11, with total inflows of $72.1 million, while Bitcoin topped $59,000.

📊 These investment products recorded positive inflows of $72.1 million on July 11, according to Farside Investors. This follows a positive week that began with $143.1 million in capital inflows on July 5.

Leading the way is BlackRock's IBIT, which raised $72.1 million, raising its total inflows to an astonishing $18.1 billion. It is followed by Fidelity's FBTC, which raised $32.7 million, raising its total inflows to $9.6 billion.

At the same time, Grayscale's GBTC experienced $37.7 million in withdrawals for a total withdrawal of $18.7 billion despite a short inflow on July 8th.

📈 This influx into Bitcoin ETFs coincides with encouraging economic indicators as US inflation slows for the fourth month in a row.

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