Surge in Spot Bitcoin ETF Inflows Follows Recent Price Dip, Investors Seize Buying Opportunity

United States-based spot Bitcoin exchange-traded funds (ETFs) saw significant inflows on July 6, notably after Bitcoin’s price decreased to under $54,000 on July 4. Farside Investors reported that these spot Bitcoin ETFs registered their largest net inflows for the month, attracting $143.1 million. The Fidelity Wise Origin Bitcoin Fund (FBTC) received the most with $117 million, followed by the Bitwise Bitcoin ETF (BITB) which saw $30.2 million. Additionally, the ARK 21Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin Trust (HODL) ETFs gained $11.3 million and $12.8 million, respectively. However, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $28.6

Source: CryptoIntelligence