Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows

Bitcoin ETF Traders Buy the Dip With Nearly $300M Inflows

On Monday, the U.S.-listed spot ETFs witnessed nearly $300 million in new inflows. Investors seem to be bargain-hunting as temporary supply overhangs weigh over BTC’s price.

Spot bitcoin (BTC) exchange-traded funds (ETFs) recorded nearly $300 million in net inflows on Monday, marking their highest buying activity since early June when the cryptocurrency traded over $70,000.

SoSoValue data show that market leader BlackRock’s IBIT led buying activity with nearly $180 million in net inflows, followed by Fidelity’s FBTC. Grayscale’s GBTC—infamous for its outflows—recorded over $25 million in purchases.

ETFs offered by Invesco, Franklin Templeton, Valkyrie, WisdomTree and Hashdex showed no inflow

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