Record inflows into US spot Bitcoin ETFs reach $129 million in July

On July 1st, U.S. spot Bitcoin (CRYPTO:BTC) ETFs saw an unprecedented influx of $129.45 million, highlighting robust investor confidence despite recent cryptocurrency market fluctuations.

Fidelity’s FBTC led with $65 million in net inflows, followed closely by Bitwise’s BITB at $41 million, reflecting strong investor trust in these vehicles.

Overall, 11 Bitcoin ETFs recorded transactions totaling $1.36 billion, even as Bitcoin's price dipped slightly to $63,094.

Analysts anticipate a positive trajectory for Bitcoin and ether in July, supported by historical trends and sustained investor interest amid market volatility.