Investors in Bitcoin exchange-traded funds are using the price decline to make purchases, with daily inflows reaching $295 million.
Bitcoin-related exchange-traded funds (ETFs) recorded their biggest net inflows in more than a month amid a weakening cryptocurrency market. On July 8, 11 funds earned $295 million.
This is the first day in the last three trading weeks that net inflows across all funds were positive.
BlackRock saw the largest daily inflow with $187.2 million, followed by Fidelity with a profit of $61.5 million.
Grayscale Bitcoin Trust (GBTC) also marked a rare day of positive price action, recording inflows of $25.1 million. This is the biggest day of inflows since June 5, when the ETF's fresh capital exceeded $488 million.
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