Bitcoin (CRYPTO:BTC) spot ETFs in the US experienced significant capital inflows totaling $238 million over the past week, with a notable $143 million influx on July 5 alone.

Fidelity’s FBTC led the inflows, capturing about 80% of the total. Despite Bitcoin's recent price decline, institutional investors showed strong interest in these investment vehicles.

Bitwise, VanEck, and Ark 21Shares also saw inflows, marking a positive turnaround after previous outflows.

Bitwise CEO Hunter Horsley emphasised their efficient Bitcoin acquisitions at very low costs, reflecting confidence in Bitcoin's future prospects despite current market volatility.