Bitcoin ETF sees $265.7M net inflow on July 6, second consecutive day above $200M

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Summary

On-chain data shows that U.S. bitcoin spot ETFs recorded a net inflow of $265.7 million on July 6, with IBIT alone attracting $209.4 million. On-chain analysis reveals that Ethereum ETFs also saw $20.7 million in inflows, led by ETHA with $23.3 million. Some analysts suggest that capital from the U.S. AI sector may be shifting into crypto ETFs following a period of overselling.

BlockBeats news, on July 7, according to Farside Investors monitoring, U.S. spot Bitcoin ETFs recorded a net inflow of $265.7 million yesterday, with IBIT seeing a net inflow of $209.4 million.

Additionally, Ethereum ETFs saw net inflows of $20.7 million, with ETHA recording net inflows of $23.3 million.

Some analyses suggest that funds flowing out of the cooling U.S. stock market AI hype may partially replenish previously oversold crypto ETFs.

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