ETFs

Bitcoin (BTC) ETFs see their best weekly flows since May after price plunge

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12 months ago

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After the price of the world’s largest cryptocurrency fell to its lowest level since February a week ago, dip buyers returned in force to give Bitcoin exchange-traded funds their best inflows in more than a month.

Bitcoin Spot ETFs raked in $882 million in the week ended July 11, averaging $175 million per day, according to JPMorgan data. That was the most inflows since the period ended May 23.

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