Spot Bitcoin ETFs See Highest Inflows Following July 4 Price Dip

Spot Bitcoin ETFs, or exchange-traded funds, experienced their highest inflows on July 6 following a substantial price drop in Bitcoin, below $55,000

The U.S. July Fourth holiday brought a twist to the crypto market as Bitcoin experienced a substantial price drop on July 5, slipping below the $55,000 mark. This price movement spurred a shift in investors' attention toward Spot Bitcoin ETFs, leading to a collective influx of $143.1 million into these investment vehicles.

The latest data reveals that Fidelity Bitcoin ETF (FBTC) attracted the highest inflows, garnering an impressive $117 million. Following closely behind, Bitwise Bitcoin ETF (BITB) saw $30.2 million in inflows, contributing to its impressive growth in holdings, now exceeding 38,000 Bitcoins.

Among the other ETFs, ARKB and HODL also experienced significant contributions, receiving $11.3 million and $12.8 million, respectively.

In contrast, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $28.6 million, diverging from the overall positive trend observed in the market.

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