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Spot Bitcoin ETFs See Record Inflow Amid Market Dip, Hitting $143.1 Million - EconoTimes

Spot Bitcoin ETFs See Record Inflow Amid Market Dip, Hitting $143.1 Million - EconoTimes
Spot Bitcoin ETFs witnessed a record-breaking inflow of $143.1 million on July 6 as investors took advantage of the market dip. Unprecedented Inflows Despite Market Decline After Bitcoins price fell below $54,000 a...

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Spot Bitcoin ETFs experienced a surge in inflows on July 6, reaching a record-breaking $143.1 million despite a recent market decline. The Bitwise Bitcoin ETF (BITB) led the way with $30.2 million in net inflows, followed by the ARK 21Shares Bitcoin ETF (ARKB) with $11.3 million and the VanEck Bitcoin Trust (HODL) ETFs with $12.8 million. The Fidelity Wise Origin Bitcoin Fund (FBTC) topped the list with $117 million. Despite market volatility, large-scale buyers and institutional investors are showing strong confidence in Bitcoin ETFs. Renowned Bitcoin naysayer Peter Schiff noted that investors are holding onto their investments and aren't panicking, even in the face of recent volatility. CEO of Bitwise Asset Management, Hunter Horsley, emphasized the efficiency of his team's acquisition of Bitcoin and highlighted the current market conditions as a great opportunity for new and existing investors to acquire Bitcoin.

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