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    Home » US Bitcoin ETFs Attract Over 10 Billion Despite Price Plunge
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    US Bitcoin ETFs Attract Over 10 Billion Despite Price Plunge

    By adminJul. 6, 2024Updated:Jul. 15, 2024No Comments1 Min Read
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    Certainly heres a creative and authoritative translation of the financial articles title

US Bitcoin ETFs Attract Over 10 Billion Despite Price Plunge
    Certainly heres a creative and authoritative translation of the financial articles title US Bitcoin ETFs Attract Over 10 Billion Despite Price Plunge
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    Farside reported that the U.S. spot Bitcoin ETF saw its largest net inflow of the month on May 143.1, despite BTC prices dropping to $54,000, with inflows totaling an impressive $1 billion.

    Despite recent market volatility, significant inflows into these ETFs indicate institutional investors and large buyers are capitalizing on this opportunity to accumulate Bitcoin at lower prices.

    Read more:

    Is the current correction a good opportunity for cryptocurrency investors?

    Some inflows were particularly strong, led by the Fidelity Bitcoin ETF (FBTC) with inflows reaching $11.7 billion, demonstrating strong investor confidence.
    Bitwise’s ETF (BITB) saw net inflows of $302,000, while VanEck’s ARK 21Shares Bitcoin ETF and HODL recorded net inflows of $113,000 and $128,000 respectively.

    In contrast, Grayscale Bitcoin Trust (GBTC) saw net outflows of $286,000, bucking the positive trend seen elsewhere in Bitcoin ETFs.

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