On July 6, after US Independence Day, when the price of Bitcoin (BTC) fell below $54,000, Bitcoin ETFs experienced a surge in outflows. However, according to Farside, this was their biggest inflow for the month, with an impressive $143.1 million flowing into these financial products. 📉

Fidelity Bitcoin ETF (FBTC) led the inflows with an impressive $117 million, highlighting strong investor confidence in the fund. Despite recent market fluctuations, significant inflows into these ETFs suggest that institutional investors and large buyers are using the downturn to accumulate Bitcoin at lower prices.

Bitcoin (BTC) fell to $55,200 on Coinbase after Japanese crypto exchange Mt. Gox transferred 47,229 Bitcoin (worth $2.71 billion at current prices) to the new wallet.