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CoinOtag 2024-07-13 16:38:54

Institutional Buying Spurs Record Inflows in Spot Bitcoin ETFs Amid Market Downtrend

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. Bitcoin ETFs Surge Reflects Renewed Confidence Among Institutional Investors

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