Inflows into Spot Bitcoin ETFs Surge Following BTC Price Fall

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Following a drop in Bitcoin’s price below $54,000 on July 4, Spot Bitcoin exchange-traded funds (ETFs) based in the United States experienced a surge in inflows on July 6.

According to data from Farside Investors, spot Bitcoin ETFs saw their biggest net inflow in a month, with $143.1 million entering the market.

Leading this influx was the Fidelity Wise Origin Bitcoin Fund (FBTC) with $117 million, followed by the Bitwise Bitcoin ETF (BITB) with a net inflow of $30.2 million. The ARK 21Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL) ETFs also saw notable inflows of $11.3 million and $12.8 million, respectively.

On the other hand, the Grayscale Bitcoin Trust (GBTC) saw a net outflow of $28.6 million. Despite the recent volatility in the market, the substantial inflows into these ETFs suggest that institutional investors and large buyers are taking advantage of the price drop to accumulate Bitcoin at lower prices.