Bitcoin Spot ETFs See $73M Worth of Cumulative Inflows

The spot Bitcoin ETFs have again witnessed some inflows. SpotOnChain, the popular platform offering precise crypto data to investors, has disclosed that BTC Spot ETFs effectively gained $73 million worth of inflows on June 28. The number is 6 times higher than that of the previous day. The platform took to X to provide the details of the respective inflows in terms of the individual ETFs.

🚨 $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 Experience Cumulative Inflows of $73M Worth

In its latest social media post, it noted that GBTC saw 1-day outflows of up to $27 million. As a result of this, the ETF now possesses up to $16.51 billion worth of net assets. As per the analytics company, this figure maintains Grayscale’s position as the ETF seeing the biggest 1-day outflow. On the other hand, the popular ETF BlackRock finally experienced a huge inflow.

It reportedly efficiently pocketed a significant amount of $82.4 million in terms of inflows. SpotOnChain added that the exchange-traded fund has witnessed such a massive inflow following thirteen days. During this period the ETF has been going through stagnant flows. Contrarily, Fidelity’s exchange-traded fund also recorded outflows. Hence the FBTC ETF reportedly incurred nearly $25 million worth of outflows in 1 day.

The Cumulative Inflow of Ten US BTC ETFs Again Touches $14.52B Following 117 Days

Apart from that, the analytics provider also discussed the flows of ARKB ETF. The exchange-traded fund beheld substantial inflows although they were less than that of IBIT. It saw nearly 42.6M in terms of 1-day inflows. SpotOnChain also revealed that the cumulative inflow of ten US BTC ETFs has again reached the $14.52B spot following 117 days of trading.

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