Over the past three trading days, Bitcoin investors have poured more than $650 million into US spot Bitcoin exchange-traded funds (ETFs). 📈 July 9 was another strong day of inflows for 11 Bitcoin ETFs. BlackRock's ETF known as the iShares Bitcoin Trust (IBIT) raised $121 million, while Fidelity Wise Origin Bitcoin (FBTC) raised $91 million.

Despite this, Bitcoin has failed to return to the $60,000 mark since July 4 and is trading at $59,165, almost 15% lower than a month ago.

The influx of funds into US Bitcoin ETFs failed to offset the recent sell-off of Bitcoin by the German Federal Criminal Police (BKA), which seized almost 50,000 Bitcoins in mid-January.