Bitcoin ETFs Record $129M Inflows On July 1st, Can Bitcoin Recover?

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The Bitcoin ETFs recorded massive inflows on July 1, glimmering hope for Bitcoin. The BTC ETFs have maintained a 5-day inflow streak and recorded $129 million in inflows on July 1. Notably, not a single US BTC ETF saw outflows on the same date. Fidelity’s FBTC led with $65 million inflows, while  BlackRock’s IBIT and Grayscale’s GBTC experienced net flows of $0. Collectively, BTC ETFs saw $266 million in inflows over the past five trading days, which might help the token in smoother price movements.