Hong Kong & Australia Bitcoin ETF Inflows Hit Record High

Spot Bitcoin ETFs Funds in Hong Kong and Australia have witnessed significant inflows. The ETF inflows marked a record high amidst a substantial selloff by the German government. Moreover, the global BTC ETF market has regained momentum with a staggering 1.05 million BTC stacked.

Overview Of Hong Kong & Australian Bitcoin ETF Inflow

Hong Kong’s Bitcoin ETFs have experienced a notable surge in their Bitcoin reserves, amassing a total of 4,941 BTC as of July 13. This represents a significant 28.6% increase from the previous reserve of 3,842 BTC reported on June 21. The substantial growth underscores the resurgence of confidence and interest in Bitcoin within the Hong Kong market. Earlier, the three Hong Kong ETFs witnessed significant outflows with AUM dropping below 3,700 BTC in May.

Similarly, Australia’s Monochrome Bitcoin ETF (IBTC) has garnered significant attention. It has accumulated an influx of 83 BTC since its launch. This brings its total holdings closer to the 100 BTC mark. In addition, DigitalX is set to launch another Bitcoin ETF in the nation as it recently bagged an approval.

While Hong Kong and Australia witnessed substantial inflows, the German government was on a selling spree. On July 12, the German government completed the liquidation of 50,000 BTC seized from the piracy website Movie2k. The final lot of 3,874 BTC was sold to Flow Traders while 3,094 BTC was shifted to an unmarked address. Crypto exchanges in Australia have seen significant volumes in recent times.

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U.S. ETFs Experience Record Inflows

In the United States, Bitcoin ETFs have also seen heavy accumulation, netting inflows of more than $1.1 billion this week. This marks the best weekly inflow recorded by U.S. U.S. Bitcoin ETFs since May. The total Bitcoin holdings by U.S. ETFs have reached an all-time high of 888,607 BTC, according to data from HODL15Capital.

On Friday, July 12, U.S. BTC ETFs recorded a total influx of $311 million. BlackRock’s IBIT led the surge with $121 million in inflows. Moreover, Fidelity’s FBTC followed closely with $115 million in inflows. Also, it’s important to note that one of the Spot Bitcoin ETFs, including Grayscale’s GBTC, saw any outflows.

Throughout the week, BlackRock’s Bitcoin ETF was at the forefront, netting total inflows of $523 million. Fidelity’s FBTC saw net inflows of $356 million. As a result, the total Assets Under Management (AUM) in BlackRock’s IBIT has now surpassed $18 billion, while Fidelity’s FBTC AUM is nearing $10 billion.

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