Bitcoin

Spot

<ul>
 <li>The spot Bitcoin ETFs recorded $216 million in total net inflows according to Sosovalue data.&nbsp;</li>
 <li>In the past month, the ETF showed several outflows as attention turned to altcoin Spot ETFs.</li>
</ul>
The US Spot Bitcoin ETFs witnessed another consecutive day of inflows in the last 24 hours. While the past week witnessed an eventful crypto market crash, Investors after a brief FUD stepped up to take advantage of the price dip. Thus, despite the increasing liquidations, investments also soared in the past week.&nbsp;
Firstly, the spot Bitcoin ETFs recorded net total inflows of $216 million as of July 9 according to Sosovalue <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data</a>. Previously, in the past week on July 1, the 11 ETFs recorded $129.45 million in net total inflows. However, the following days witnessed the ETF breaking its 5-day streak of inflows amid the market crash. Subsequently, as aforementioned, from July 5 the ETP recovered to see inflows.&nbsp;
In the last 24 hours, the Grayscale’s spot Bitcoin ETF GBTC, amid net inflows, witnessed $37.5 million outflows. However, Grayscale is still the largest ETF in the market. Meanwhile, BlackRock’s IBIT and Fidelity’s FBTC recorded $121.03 million and $90.95 million inflows respectively. Ark Invest and 21 Shares ETF witnessed $43.3 million in inflows.&nbsp;
Notably, Bitwise’s BITB recorded outflows of $4.72 million. Grayscale and Bitwise-issued spot Bitcoin ETFs are the only two that witnessed outflows. VanEck’s HODL ETF recorded $3.27 million in inflows while the other 5 ETFs showed neutral flows.&nbsp;
Moreover, the digital asset currently boasts a total net asset value of $50.79 billion. In the last 24 hours, the 11 ETFs traded for a total value of $1.98 billion.&nbsp;
<h3 class="wp-block-heading" id="h-are-spot-bitcoin-etfs-back-in-the-spotlight-nbsp">Are Spot Bitcoin ETFs Back in the Spotlight?&nbsp;</h3>
In the past month, spot BTC ETFs exhibited several outflows as market attention turned to altcoin spot ETFs. The market is anticipating the trading of <a href="https://thenewscrypto.com/vaneck-and-21shares-update-s-1-filings-for-spot-ethereum-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">spot Ethereum ETFs</a> in July and also saw rising speculations of spot Solana ETFs. Amid the sparking of market debate, spot Bitcoin ETFs took the back seat in June.&nbsp;
However, the beginning of July showed recovery for the spot Bitcoin ETFs. As aforementioned, the present market dip <a href="https://thenewscrypto.com/digital-asset-investments-soar-as-bitcoin-dominates-amid-price-dip/" target="_blank" rel="noopener noreferrer nofollow">witnessed</a> a huge influx of investments into several digital assets including BTC ETFs.&nbsp;
Meanwhile, Bitcoin price in the last 24 hours has shown upward movements and surpassed the $58K level according to CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
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US Spot Bitcoin ETFs See Continued Inflows as Investors Buy the Dip

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