Reported about 1 year ago
After the July 4th break, U.S. traders saw a significant drop in bitcoin's price, prompting investors in bitcoin ETFs to increase their holdings. Data shows that U.S.-based spot bitcoin ETFs had a net inflow of $143.1 million on Friday, with the Fidelity's Wise Origin Bitcoin Fund leading the way with $117.4 million in new inflows. Despite the bounce back in price, bitcoin is currently trading at $56,800, down 6% from the previous week and around 23% from its all-time high in mid-March. Concerns over a surge in bitcoin supply from Mt. Gox trustees and the German government potentially selling some of its bitcoin holdings were cited as reasons for the recent price drop.
Source: YAHOO