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Latest data shows that in July 2024, the U.S. Bitcoin spot ETF market experienced an astonishing influx of funds. According to a monitoring report by Farside Investors, the net inflow of funds last month reached $6.0126 billion, making it the third highest monthly inflow in history, behind only two larger monthly inflows.
This significant influx of funds corresponds with the strong performance of Bitcoin prices. During July, Bitcoin prices exhibited a remarkable upward momentum. The opening price at the beginning of the month was $107,146.51, and by the end of the month, it had climbed to $115,764.08, marking a monthly increase of approximately 8.04%. More notably, during this month, Bitcoin also reached a historical high price of $123,218.
Such a large-scale inflow of funds reflects investors' ongoing enthusiasm for Bitcoin ETFs, while also highlighting the vigorous vitality of the cryptocurrency market. This trend not only drives up the price of Bitcoin but also further solidifies Bitcoin's position as a mainstream investment asset.
However, we should also note that the high volatility of the cryptocurrency market still exists. Investors need to fully assess the risks when participating in it and做好资产配置和风险管理. In the future, as the regulatory environment becomes clearer and the market matures further, we may see more institutional investors entering this field, bringing greater liquidity and stability to the market.