Bloomberg: Investors see buying opportunity, channel $4.35M into U.S. spot BTC ETFs in two days

U.S. spot Bitcoin ETFs have recorded $438 million in net inflows over the last two trading sessions, according to data from Bloomberg. Investors are moving into Bitcoin exchange-traded funds, viewing the recent decline in Bitcoin prices as a buying opportunity due to a supply overhang. Farside Investors data shows U.S. spot Bitcoin ETFs experienced net inflows of $143.1 million on July 5 and $295 million on July 8, marking the highest inflow since June 6. Bloomberg cited industry experts Charlie Morris, CEO of ByteTree, and Chris Weston, Head of Research at Pepperstone, for insights into the current Bitcoin market dynamics and upcoming prospects. Morris maintained a bullish long-term outlook for Bitcoin, citing its untapped investor base. He expects the current supply challenges to be resolved in the near future. Meanwhile, Weston acknowledged the market impact of impending liquidations from Mt. Gox creditors and German authorities. However, he pointed out that these liquidations will eventually end, and the market is aware of that.