Bitcoin ETFs See Significant Inflows on July 8

On July 8th, Bitcoin spot exchange-traded funds (ETFs) experienced a significant influx of investments, totaling $295 million, according to on-chain analytics firm SpotOnChain. This marks the highest net inflow for US Bitcoin ETFs in the past 21 trading days, despite a major outflow of $1 billion in Bitcoin from the German government. The inflows reflect strong investor confidence and demand for Bitcoin ETFs.
Notably, BlackRock led the market with $187.2 million in inflows, followed by Fidelity with $61.5 million. Other ETFs such as HODL, BITB, and ARKB also saw positive inflows, amounting to $1.6 million, $11 million, and $8.4 million respectively. The inflow data highlights the robust performance and investor interest in Bitcoin ETFs, even amidst external selling pressures.