The post Bitcoin ETFs Record $129M Inflows On July 1st, Can Bitcoin Recover? appeared first on Coinpedia Fintech News
The Bitcoin ETFs recorded massive inflows on July 1, glimmering hope for Bitcoin. The BTC ETFs have maintained a 5-day inflow streak and recorded $129 million in inflows on July 1. Notably, not a single US BTC ETF saw outflows on the same date. Fidelity’s FBTC led with $65 million inflows, while BlackRock’s IBIT and Grayscale’s GBTC experienced net flows of $0. Collectively, BTC ETFs saw $266 million in inflows over the past five trading days, which might help the token in smoother price movements.