🚀📈 Bitcoin ETFs in the US are making a comeback, folks! On July 8th, they saw a whopping $295 million in net inflows. That's some serious buying activity, last seen in June when Bitcoin was cruising above $70,000.

🎉📊 Major funds like BlackRock’s IBIT are leading the charge, with a cool $187.21 million inflow. Fidelity’s FBTC wasn't far behind, recording $61.54 million. Grayscale’s GBTC and Bitwise’s BITB also attracted decent sums, with $25.07 million and $11.05 million respectively.

🔥💰 Despite Bitcoin facing selling pressure due to repayments linked to the defunct Mt. Gox exchange and the German government transferring hundreds of millions in BTC to exchanges last month, investors are seeing this as a buying opportunity.

🤔💡 There are concerns about potential liquidity dumps from the German government and Mt. Gox creditors. However, experts believe the Bitcoin market can absorb it, estimating a combined impact leading to a drop of 10.5% to around $47,000-$48,000 level.

🎢🔮 So, despite the rollercoaster ride, Bitcoin ETFs are back on track, matching June's high inflows. Stay tuned for more updates! 🚀🌕