The post Bitcoin Spot ETFs See Significant Inflows Amid Market Rebound appeared first on Coinpedia Fintech News
On July 5, 2024, Bitcoin spot ETFs experienced a substantial net inflow of $143 million, highlighting renewed investor interest amid recent market volatility. Bitcoin made a strong comeback from a low of $53,550, currently trading at $56,380 and sustaining above the critical $56,000 support level.
Grayscale ETF (GBTC): Recorded a net outflow of $28.5713 million in a single day.
Fidelity ETF (FBTC): Achieved a significant single-day inflow of $117 million.
Bitwise ETF (BITB): Reported a single-day inflow of $30.1948 million.
In the first half of the day, there were $334 million in long liquidations, but the recovery saw lower price rejection, leading to $134 million worth of short positions being liquidated.
