Bitcoin ETFs See Strong Inflows Despite Market
According to Farside Investors, there's been a surge in interest in Bitcoin ETFs, with a total of $650 million in net inflows across all U.S.-based spot BTC ETFs between July 5th and 9th. Leading the pack is BlackRock's iShares Bitcoin Trust at $121 million, followed closely by Fidelity's Wise Origin Bitcoin Fund at $91 million.
This strong investor appetite comes despite Bitcoin's price trading below $60,000, currently sitting at $59,165, reflecting a nearly 15% drop in the past month.
Is this a sign of growing confidence in Bitcoin as an asset class? Share your thoughts in the comments below!
