Bitcoin ETFs See $300M Inflows Amid Market Pressure
Bitcoin (BTC) exchange-traded funds (ETFs) saw nearly $300 million in net inflows on Monday, the highest since early June. BlackRock's IBIT led with $180 million, followed by Fidelity's FBTC and Grayscale's GBTC, which saw $25 million.
Despite selling pressure from the Mt. Gox repayments and German government actions, investors saw this as a buying opportunity. CoinShares reported $441 million in digital asset inflows. Traders expect July to be bullish, continuing a historical trend of a 9% medium return.
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