Bitcoin ETFs See Massive Inflows Amid Trade Deal Optimism
U.S. spot Bitcoin ETFs attracted over $1 billion in new investments recently. This surge happened as macroeconomic worries eased following President Trump’s declaration of a trade deal with an ASEAN nation.
On July 2,inflows reached $407.78 million. the next day, they spiked to $601.94 million, the highest as May 23. Fidelity’s FBTC ETF lead the pack with $237.13 million. BlackRock’s IBIT followed closely with $224.53 million. ARK 21Shares’ ARKB added $114.25 million. Other funds like Bitwise’s BITB, Grayscale’s GBTC, adn VanEck’s HODL collectively brought in $26.03 million. The market responded positively to the news of a trade pact with Vietnam. This deal aims to balance trade by taxing Vietnamese imports and easing tariffs on U.S. exports.
Investor confidence surged, driven by the trade agreement. It calmed market fears, boosting risk assets. Fidelity’s ETF saw the most inflows. BlackRock’s IBIT also saw meaningful interest.
These inflows came after the U.S. Senate passed Trump’s “Big Gorgeous Bill.” Though not crypto-focused, it reduced economic uncertainty.
