Spot Bitcoin ETFs saw a spike in inflows on July 6, following the recent US Independence Day, with Bitcoin falling below $54,000.
According to monitoring firm Farside, this was the largest net inflow in a single month, with a significant $143.1 million flowing into these financial products.
Strong cash flow
Fidelity Bitcoin ETF (FBTC) led the inflow with an impressive $117 million, showing strong investor confidence in the fund. After FBTC, Bitwise Bitcoin ETF (BITB) recorded net inflows of $30.2 million, while ARKB and HODL ETF recorded $11.3 million and $12.8 million, respectively.
In contrast, Grayscale Bitcoin Trust (GBTC) saw net outflows of $28.6 million, in stark contrast to the positive trend of other spot Bitcoin ETFs.
Spot Bitcoin ETF has recovered strongly. Source: Farside Investors
Despite recent market volatility, the significant inflows into these ETFs suggest that institutional investors and large-scale buyers are taking advantage of falling prices to accumulate Bitcoin at low prices. than.
Great opportunity to buy Bitcoin
Hunter Horsley, CEO of Bitwise Asset Management, emphasized Bitcoin's strong prospects, arguing that current market conditions present a valuable buying opportunity for both new and existing investors.
“Bitcoin's outlook has never been stronger. For many people who have not yet been exposed, this week is an opportunity to buy dips“.
During the first week of July, BITB recorded inflows exceeding $66 million, bringing its total Bitcoin holdings to over 38,000. Despite the short-term volatility, this growth shows continued confidence in Bitcoin's long-term potential.
Prominent Bitcoin critic Peter Schiff also offered his view on the resilience of Bitcoin ETF investors. Despite recent market volatility, Schiff finds that these investors remain committed to holding their assets, with no signs of panic.
“So far, there are no signs of panic. It is likely that Bitcoin will fall much more sharply before they finally capitulate,” Schiff commented.
He further predicted that a significant sell-off could soon occur, potentially leading to the capitulation of Bitcoin holders.
Bitcoin drops to $55,200 on Coinbase after failed Japanese cryptocurrency exchange Mt. Gox moved 47,229 Bitcoin – worth $2.71 billion at current prices – to a new wallet address in the first major transaction since May.
https://tapchibitcoin.io/bitcoin-etf-giao-ngay-chung-kien-dong-von-vao-dot-bien-sau-dot-giam-ngay-4-thang-7.html