Inflows to US Spot Bitcoin ETFs Spike $143.1m, Investors Buy Dip

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Spot Bitcoin ETFs, or exchange-traded funds, experienced their highest inflows on July 6 following a substantial price drop in Bitcoin, below $55,000, during the U.S. July Fourth holiday.

The latest data shows an influx of $143.1 million into these investment vehicles. 

Fidelity Bitcoin ETF (FBTC) is leading the charge, attracting $117 million. Close behind, the Bitwise Bitcoin ETF (BITB) saw $30.2 million in inflows, contributing to its impressive growth in holdings, now over 38,000 Bitcoins.

Bitcoin ETF Flow (US$ million) – 2024-07-05TOTAL NET FLOW: 143.1(Provisional data)IBIT: 0FBTC: 117.4BITB: 30.2ARKB: 11.3BTCO: 0EZBC: 0BRRR: 0HODL: 12.8BTCW: 0GBTC: -28.6DEFI: 0For all the data & disclaimers visit:https://t.co/4ISlrCgZdk