BTC Spot ETFs Experience Surge in Net Inflows
The BTC Spot exchange-traded funds have once again seen a notable increase in total net inflows. According to SoSoValue, a leading financial research platform, Bitcoin spot-ETF inflows reached a staggering $101 million on June 12, marking a significant rise from the previous position. Just a day earlier, the outflows had amounted to $200 million.
Bitcoin’s chief crypto token saw a 1.37% increase on June 12, slightly retracting from the 3.15% gain on the 11th. This led to Bitcoin closing the session at nearly $68,302. The market trends of BTC spot ETFs have reportedly been challenging the buyer demand for Bitcoin. In the United States, the Bitcoin ETF market witnessed outflows totaling $200 million on the 11th, only to see $101 million in inflows on the 12th.
Fidelity ETF Gains $50 Million Inflows
SoSoValue reported that the popular Bitcoin exchange-traded fund GBTC did not experience any outflows on the 12th. On the contrary, the Fidelity Bitcoin ETF received fund inflows. The analytics platform disclosed that the FBTC ETF saw a steady inflow of approximately $50.623 million. It also provided insights into the status of the BlackRock ETF.
The report mentioned that the IBIT ETF, part of BlackRock, saw a slight decrease in daily inflows, amounting to $15.5789 million. Additionally, the Bitwise ETF recorded a one-day inflow of around $15 million, while the VanEck ETF received $12 million in daily inflows.
Tags: BTC, ETF