Spot Bitcoin ETFs buy up $654M in BTC over 3 days

Investors have piled into Bitcoin ETFs over the last three trading days, but it wasn’t enough to offset Germany’s BTC selling spree.

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Bitcoin investors have sent over $650 million into United States-listed spot Bitcoin exchange-traded funds (ETFs) over the last three trading days.

It comes after another strong day of net inflows for the 11 Bitcoin (BTC) ETFs on July 9. BlackRock’s Bitcoin ETF, known as the iShares Bitcoin Trust (IBIT), pulled in $121 million in inflows, followed by Fidelity Wise Origin Bitcoin (FBTC), which raked in $91 million.

Total net inflows across all ETFs for July 9 came to $216.4 million, or 3,760 Bitcoin, per data from Farside Investors.

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