Bitcoin ETFs See Largest Inflows in Over a Month Amid Crypto Market Concerns

United States-based spot Bitcoin exchange-traded funds (ETFs) have experienced their largest day of net inflows in over a month, even as the crypto market struggles. On July 8, eleven funds collectively amassed $295 million in inflows. This marked the first time in three trading weeks that net inflows across all funds were positive. BlackRock’s iShares Bitcoin Trust ETF led the pack with a significant daily inflow of $187.2 million. Fidelity’s Wise Origin Bitcoin Fund followed, garnering $61.5 million. Additionally, the Grayscale Bitcoin Trust saw a rare day of positive price action, achieving $25.1 million in inflows. READ MORE: Bitcoin Mining