BTC Spot ETFs See Surge in Net Inflows
The BTC Spot exchange-traded funds have once again experienced a significant increase in total net inflows. SoSoValue, a well-known financial research platform, reported that Bitcoin spot-ETF inflows reached $101 million on June 12, marking a substantial rise from the previous position. Just a day earlier, outflows were at $200 million.
On June 12, the leading crypto token saw a gain of 1.37%, slightly down from the 3.15% on the previous day. This led Bitcoin to close the session at nearly $68,302. The market trends of BTC spot ETFs have reportedly influenced buyer demand for Bitcoin. In the United States, Bitcoin ETF market experienced a total outflow of $200 million on the 11th, but on the 12th, it saw inflows of $101 million.
Fidelity ETF Attracts $50 Million Inflows
SoSoValue revealed that the popular Bitcoin exchange-traded fund GBTC did not experience any outflows on the 12th. Conversely, the Fidelity Bitcoin ETF saw significant fund inflows. The analytics platform disclosed that the FBTC ETF received a steady inflow of approximately $50.623 million. The platform also provided insights into the BlackRock ETF.
According to their data, the IBIT ETF saw a slight decrease in daily inflow, with $15.5789 million coming in. 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
