Institutional Buying Spurs Record Inflows in Spot Bitcoin ETFs Amid Market Downtrend

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10 months ago bitnews

Institutional investors have been capitalizing on Bitcoin’s recent downtrend by purchasing the dip. The surge in demand for Spot Bitcoin ETFs underscores this trend, marking a notable recovery. According to JPMorgan, these ETFs saw an influx of $882 million in just one week in early July. Bitcoin ETFs Surge Reflects Renewed Confidence Among Institutional Investors