Bitcoin ETFs Snap Up $654M in 3 Days!

Investors have sent over $650M into spot Bitcoin ETFs over the last three trading days.

Danielle du Toit
July 10, 2024

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Bitcoin investors have sent over $650 million into United States-listed spot Bitcoin ETFs over the last three trading days.

On Jul. 9, the total net inflows for 11 spot Bitcoin ETFs in the US amounted to $216.4 million, which is equivalent to 3,760 Bitcoin.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led the inflows with $121 million and $91 million, respectively.
Over the past three trading days, spot Bitcoin ETFs saw a cumulative inflow of $654 million, with $294.8 million on Jul. 8, and $143.1 million on Jul. 5.

EURC was previously only available in native form on Avalanche, Ethereum, Solana, and Stellar.

The addition of Base marks the first time that EURC has become available on an Ethereum layer-2. Previously, layer-2s could only use a derivative form of EURC backed by versions that existed on other networks.
According to Circle, this new version will make it easier for e-commerce applications to facilitate trade globally.
Both EURC and USDC on Base are the first stablecoins from a global issuer to comply with the new Markets in Crypto-Assets (MiCA) regulation.

The TON Application Chain (TAC) and Polygon Labs teamed up to integrate Ethereum Virtual Machine (EVM) functionality into the TON ecosystem.

The integration will expand the range of applications available to the TON Network’s users, including decentralized finance (DeFi), gaming, and identity solutions.
TAC CEO Pavel Altukhov explained that EVM compatibility removes barriers to using the TON Network.
Currently, EVM applications are not available on the TON network, which requires users to navigate complicated user experiences.

Bitcoin miner TeraWulf announced Monday that it paid off its remaining debt early.

TeraWulf is converting its mining infrastructure into high-powered data centers to support advancements in artificial intelligence.
After paying off its $77.5 million loan, TeraWulf now plans to increase its operational capacity from 210 megawatts to 295 megawatts this year.
TeraWulf and Core Scientific have thrived by transitioning to AI hosting, while major miners Marathon Digital and Riot Blockchain have experienced stock declines due to profitability concerns.

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