---
title: "Bitcoin ETF Inflows Topped $3 Billion Over Four-Week Period"
description: "Bitcoin investment products took in $1.27 billion last week as the cryptocurrency surged to its highest price in more than a month, CoinShares Ltd. data show."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Newsdeck"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2024-07-22-bitcoin-etf-inflows-topped-3-billion-over-four-week-period/"
published: "2024-07-22T18:33:57"
updated: "2024-07-22T18:33:58"
lang: "en-ZA"
word_count: 170
---

# Bitcoin ETF Inflows Topped $3 Billion Over Four-Week Period

> Bitcoin investment products took in $1.27 billion last week as the cryptocurrency surged to its highest price in more than a month, CoinShares Ltd. data show.

By Bloomberg · Published 22 July 2024, 20:33 SAST · Updated 22 July 2024, 20:33 SAST

## Content

This marks the fourth straight week of inflows, with Bitcoin exchange-traded funds adding over $3.1 billion. In the two weeks prior to this streak, Bitcoin ETFs lost $1.2 billion.

Crypto investment products across the board saw $1.35 billion in gains, marking the third straight week of inflows, according to CoinShares. The streak of positive gains comes amid a rebound in the price of Bitcoin after it bottomed out at less than $54,000 on July 5, its lowest price since February.

Since then, the world’s largest cryptocurrency has leaped about 25% to around $67,300 as Bitcoin investors eye the increased odds of Donald Trump becoming president.

The Bitcoin funds of BlackRock and Fidelity saw the biggest gains last week and took in $707 million and $244 million, respectively. Grayscale’s fund continued its streak of outflows and lost about $56 million.

Ether products took in $45 million last week after gaining $72 million the week prior. Alternative cryptocurrencies Solana, Litecoin and Cardano posted inflows of $9.6 million, $2.2 million and $400,000, respectively.