Bitcoin ETF investors buy the dip: Daily inflows hit $295M. United States-listed spot Bitcoin ETFs have notched their biggest day of inflows in over a month amid a slump in the crypto markets. United States-based spot Bitcoin exchange-traded funds (ETFs) have notched their biggest day of net inflows in more than a month amid a flagging crypto market. The 11 funds raked in $295 million on July 8. This marks the first day in the last three trading weeks that net inflows across all funds had been in the black. BlackRock’s iShares Bitcoin Trust ETF saw the most significant daily inflow at $187.2 million, followed by Fidelity’s Wise Origin Bitcoin Fund, which posted gains of $61.5 million. Meanwhile, the Grayscale Bitcoin Trust also saw a rare day of positive price action, notching $25.1 million of inflows.It’s the biggest day of inflows since June 5, when the ETFs exceeded $488 million in fresh capital.
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*Bitcoin ETFs posted $295 million worth of new inflows on July 8. Source: Farside*