Bitcoin ETF Traders Buy at Low Points, Nearly $300 Million Inflows

On July 9, spot Bitcoin ETFs experienced nearly $300 million in net inflows, marking a significant buying activity. BlackRock's IBIT led with $180 million, followed by Fidelity's FBTC and Grayscale's GBTC. This influx occurred amidst strong selling pressures linked to Mt. Gox repayments and German government BTC transfers. Despite low trading volumes due to summer seasonality, some investors view this as a buying opportunity. July is historically a bullish month for the cryptocurrency market.