Bitcoin ETF Investors Bought the Dip on Friday, With Inflows Topping $140M
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Returning to their screens following the July 4 break, U.S. traders were confronted with a historic plunge in bitcoin {{BTC}} that saw its price fall more than 10% from the pre-holiday level. Based on ETF data, they decided to lift the offer.
According to numbers compiled by Farside Investors, U.S.-based spot bitcoin ETFs saw $143.1 million in net inflows on Friday, the highest level of inflows in at least two weeks.
Leading the way was Fidelity's Wise Origin Bitcoin Fund (FBTC), which took in $117.4 million of net new money. Other funds with net inflows were the Bitwise Bitcoin ETF (BITB), the ARK/21 Shares Bitcoin ETF (ARKB) and the VanEck Bitcoin Trust (HODL). Per usual, the high fee Grayscale Bitcoin Trust (GBTC) continued to bleed assets.
Bitcoin ETF Flow (US$ million) - 2024-07-05TOTAL NET FLOW: 143.1(Provisional data)IBIT: 0FBTC: 117.4BITB: 30.2ARKB: 11.3BTCO: 0EZBC: 0BRRR: 0HODL: 12.8BTCW: 0GBTC: -28.6DEFI: 0For all the data & disclaimers visit:https://t.co/4ISlrCgZdk
