Institutional Buying Spurs Record Inflows in Spot Bitcoin ETFs Amid Market Downtrend
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Institutional investors have been capitalizing on Bitcoin's recent downtrend by purchasing the dip. The surge in demand for Spot Bitcoin ETFs underscores this trend, marking a notable recovery. According to JPMorgan, these ETFs saw an influx of $882 million in just one week in early July. This significant uptick reflects renewed confidence among institutional investors.
Source: en.coinotag.com ↗
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