There has been significant movement in the U.S. spot Bitcoin (BTC) ETFs, with net gains of $137.2 million over the past four days. This good trend started on June 25, after a tough week when net losses from almost all funds were steady.
Farside Investor’s figures from June 25 showed that spot Bitcoin ETFs in the U.S. saw net inflows of $31 million. With $48.8 million, Fidelity’s FBTC was the first to receive Funds. The Bitwise Bitcoin ETF (BITB) came in second with $15.2 million. The VanEck Bitcoin Trust (HODL) also said it received $3.5 million in net new Funds. Grayscale’s GBTC, on the other hand, lost a net of $30.3 million.
The next day, on June 26, GBTC saw its first positive inflow since June 5; the ETFs saw a net intake of $21.4 million. Again, both Fidelity and VanEck made money, with $18.6 million and $3.4 million worth of BTC coming in. ARK Invest and 21Shares’ ARKB, on the other hand, had the worst day on June 26, with nearly $5 million leaving the fund.
Net inflows were smaller on June 27 than the two days before. About $11.8 million came in through spot Bitcoin ETFs. This action happened in five different funds. Bitwise had the most money come in, with $8 million. It was also a good day for Fidelity, which saw net gains of $6.7 million.
Bitcoin Spot ETFs Recent Inflows And Outflows Analysis
The BTCO fund at Invesco Galaxy got $3.1 million after having no net flows for two days. Similarly, the Franklin Bitcoin ETF (EZBC) saw $3.6 million come in after not having any net moves for two days. But GBTC returned to losing Bitcoins, losing about $11.4 million.
On June 28, a total of $73 million entered Bitcoin spot ETFs. Around $27.2 million more left Grayscale’s GBTC, while $82.4 million entered BlackRock’s IBIT in just one day. ARKB also had a gThere has been significant movement in the U.S. spot Bitcoin (BTC) ETFs, with net gains of $137.2 million over the past four days. This good trend started on June 25, after a tough week when net losses from almost all funds were steady.
Farside Investor’s figures from June 25 showed that spot BTC ETFs in the U.S. saw net inflows of $31 million. With $48.8 million, Fidelity’s FBTC was the first to receive money. The Bitwise Bitcoin ETF (BITB) came in second with $15.2 million. The VanEck BTC Trust (HODL) also said it received $3.5 million in net new money. Grayscale’s GBTC, on the other hand, lost a net of $30.3 million.
The next day, on June 26, GBTC saw its first positive inflow since June 5; the ETFs saw a net intake of $21.4 million. Again, both Fidelity and VanEck made money, with $18.6 million and $3.4 million worth of BTC coming in. ARK Invest and 21Shares’ ARKB, on the other hand, had the worst day on June 26, with nearly $5 million leaving the fund.
Net inflows were smaller on June 27 than the two days before. About $11.8 million came in through spot Bitcoin ETFs. This action happened in five different funds. Bitwise had the most money come in, with $8 million.
It was also a good day for Fidelity, which saw net gains of $6.7 million. The BTCO fund at Invesco Galaxy got $3.1 million after having no net flows for two days. Similarly, the Franklin BTC ETF (EZBC) saw $3.6 million come in after not having any net moves for two days. But GBTC returned to losing Bitcoins, losing about $11.4 million.
On June 28, a total of $73 million entered Bitcoin spot ETFs. Around $27.2 million more left Grayscale’s GBTC, while $82.4 million entered BlackRock’s IBIT in just one day. ARKB also had a good day, with $42.8 million coming in. SoSoValue says that the rest of the funds saw no net flows despite a large daily trade volume of $1.31 billion.
The 11 spot Bitcoin ETFs have brought in over $14.5 billion since they began trading in January 2024. This huge rise in ETF investments is why Bitcoin has grown so quickly this year.
However, during the week of positive trends, Bitcoin’s price dropped by more than 5%. This could have been caused by the fact that Mt. Gox’s creditors are about to be paid back, which could make people more likely to sell. CoinGecko says that BTC was worth $60,862.07 and had a market value of $1,200,201,471,649 at the time of writing. This price has dropped 1.2% in the last 24 hours, less than the 3.6% drop in the world crypto market.
It was a good day, with $42.8 million coming in. SoSoValue says the remaining funds saw no net flows despite a large daily trade volume of $1.31 billion.
The 11 spot Bitcoin ETFs have brought in over $14.5 billion since they began trading in January 2024. This huge rise in ETF investments is why Bitcoin has grown so quickly this year.
