⚡️Bitcoin ETFs Gain Momentum With $129M Inflows📈, Will BTC Price Recover❓
Bitcoin ETFs have maintained a 5-day inflow streak, recording $129 million in inflows on July 1. However, BTC price fights turbulence, birthing speculations over future price movements.
The Bitcoin market is once again in a state of frenzy as BTC ETFs recorded massive inflows on July 1. Data revealed by Spotonchain showed that Bitcoin ETFs recorded $129 million in inflows, glimmering hope for Bitcoin’s price movements.
The $129 million influx, marking the fifth consecutive day of inflows, is a testament to the robust financial backing for the flagship crypto. Let’s delve deeper into the market data for these exchange-traded products that have ignited optimism among traders and investors.
Spot Bitcoin ETF Inflow Sparks Optimism
As mentioned above, the Bitcoin ETFs recorded five straight days of inflows, with $129 million on July 1. Moreover, not a single US BTC ETF saw outflows on the same date.
We anticipate a better state of the market as the Bullrun draw closer.
Always invest wisely and manage your risk properly .
