Bitcoin Spot ETFs See $73M Inflows in a Single Day
SpotOnChain, a popular platform that provides precise crypto data to investors, has revealed that BTC Spot ETFs received $73 million in inflows on June 28. This amount is six times higher than the previous day. The platform shared the details of the individual ETFs’ inflows on X.
$BTC
#ETF
Net Inflow June 28, 2024: +$73M!
• The net inflow remains positive for 4 days.
•
#BlackRock
(IBIT) finally received a large inflow ($82.4M) after 13 days of stagnant flows.
•
#Grayscale
(GBTC) still saw the largest outflow of the day (-$27.2M).
• The…
pic.twitter.com/RL5GJytBaB
— Spot On Chain (@spotonchain)
June 29, 2024
Bitcoin Spot ETFs Garner $73M in Inflows
According to SpotOnChain’s recent social media post, GBTC experienced outflows of $27 million in just one day. This brings the ETF’s net assets to a total of $16.51 billion. Grayscale remains the ETF with the highest 1-day outflow, according to the analytics company. On the other hand, BlackRock’s ETF finally saw a significant inflow.
BlackRock’s ETF Receives $82.4M Inflows
BlackRock’s ETF successfully gained $82.4 million in inflows, marking a significant increase. SpotOnChain noted that this massive inflow came after thirteen days of stagnant flows. Meanwhile, Fidelity’s ETF recorded outflows, with the FBTC ETF losing nearly $25 million in a single day.
Cumulative Inflow of Ten US BTC ETFs Reaches $14.52B After 117 Days
SpotOnChain also discussed the inflows of ARKB ETF, which, although less than IBIT, received substantial inflows totaling nearly $42.6 million in a single day. Additionally, the platform revealed that the cumulative inflow of ten US BTC ETFs has reached $14.52 billion after 117 days of trading.
