Bitcoin Spot ETFs Record Impressive Inflows of $143.1M, Marking Their Largest Monthly Inflow

The recent correction in Bitcoin's price has presented an attractive opportunity for ETF investors, who have taken advantage to buy the dip.

Recent weakness in Bitcoin’s price has presented an attractive opportunity for ETF investors, who took advantage to buy the dip.

On July 6, a record net inflow of $143.1 million was recorded in Bitcoin spot ETFs, marking their largest monthly inflow, according to Farside Monitoring.

This wave of investments follows a significant drop in Bitcoin’s price, which fell below $54,000 on July 4.

The Fidelity ETF (FBTC) led the market with inflows of $117 million, while Bitwise (BITB) recorded inflows of $30.2 million. ARK Invest (ARKB) and ProShares (HODL) also recorded significant inflows, with $11.3 million and $12.8 million respectively.

However, the Grayscale Bitcoin Trust (GBTC) experienced an opposite trend, with a net outflow of $28.6 million, contrasting with the positive momentum of other Bitcoin spot ETFs.

“The outlook for Bitcoin has never been better. For many of those who have yet to get exposure, this week is an opportunity to buy the dip,” Horsley said.

This optimism aligns with the continuous growth in the BlackRock Bitcoin spot ETF's holdings, which crossed 38,000 BTC with inflows of over $66 million in the first week of July.

Even Peter Schiff, a known Bitcoin critic, acknowledged the resilience of Bitcoin ETF investors.

“So far, there are no signs of panic. It will likely take a much larger drop in BTC before they eventually capitulate,” Schiff said.

The recent market volatility has created a buying opportunity that was seized by institutional investors, suggesting a lasting confidence in Bitcoin's long-term potential.

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