🚀 Bitcoin ETFs are back in the game! On July 8th, they saw a whopping $295M in net inflows, a level of buying activity we haven't seen since June when Bitcoin was soaring above $70k. 📈

Major players are making a comeback:

- BlackRock's IBIT led the pack with $187.21M

- Fidelity's FBTC followed with $61.54M

- Grayscale's GBTC attracted $25.07M

- Bitwise's BITB, Ark Invest & 21Shares' ARKB, and VanEck's HODL also saw inflows

Despite Bitcoin's selling pressure due to repayments linked to the defunct Mt. Gox exchange and the German government's BTC transfers, investors are seizing the dip as a buying opportunity. 💪

Experts suggest the Bitcoin market can absorb potential liquidity dumps. The combined impact could lead to a 10.5% drop to around $47k-$48k, but the market seems to be holding strong.

What's your take on this? Let's chat below! 👇 #Bitcoin #ETFs #DeFi