Bitcoin ETFs See Inflows for Three Consecutive Days
According to Spot On Chain, a well-known on-chain analytics forum, exchange-traded funds (ETFs) have received more than $12 million in net inflows on June 27th. The platform took to its official social media account to share the details of these inflows. The previous day, the inflows were valued at $21 million.
Spot On Chain also noted that the past three days have seen positive but relatively small inflows, indicating optimism within the ETF sector. The forum also shared a chart showcasing the statistics of individual ETFs. According to their data, Grayscale’s ETF, GBTC, experienced significant outflows.
Another notable ETF, Bitwise (BITB), saw the largest inflow of $8 million. Interestingly, it experienced an outflow of nearly $11.4 million following a day of inflows. On the other hand, BlackRock’s IBIT ETF did not receive any flows, with its net flows remaining at $0 throughout the entire trading week.
Spot On Chain’s chart also revealed the inflows of Fidelity’s FBTC, which added $6.7 million, and Franklin Bitcoin ETF, which recorded inflows of $3.6 million. Additionally, Invesco Galaxy Bitcoin ETF secured $3.1 million in net inflows.
Overall, these inflows highlight the growing interest in Bitcoin ETFs and suggest a positive outlook for the ETF sector.
