Bitcoin ETFs See Inclusion of More than $12 Million in Net Inflows

On the 27th of June, theETFs reportedly recorded more inflows. As per SpotOnChain, the famous on-chain analytics forum, the exchange-traded funds have added above $12 million worth of net inflows. The platform took to its official social media account to reveal the details of the respective inflows. Yesterday, the inflows were worth $21M.

🚨 $BTC #ETF Net Inflow June 27, 2024: +$12M!

• The net inflow has been positive but small for 3 consecutive trading days.

• #Grayscale (GBTC) experienced an outflow of $11.4M again after a day of inflow.

• #Bitwise (BITB) had the largest inflow yesterday at $8M.

•… pic.twitter.com/sy38iTjO0a

— Spot On Chain (@spotonchain) June 28, 2024

Bitcoin ETFs Record Inflows for Three Consecutive Days

It noted that the past three days have been witnessing a positive but little amount of inflows. The respective inflows denote optimism concerning the ETF sector. In addition to this, Spot On Chain also shared a chart providing the statistics of the individual exchange-traded funds. According to the analytics company, Grayscale’s ETF “GBTC” saw huge outflows.

BITB Sees the Largest Inflows of $8 Million

The ETF reportedly went through an outflow of nearly $11.4 million. This development has taken place following it experienced inflows on the previous day. Another prominent exchange-traded fund Bitwise (BITB) reportedly saw the biggest inflow. In line with the statistics of Spot On Chain, the ETF saw $8 million in terms of inflows. On the other hand, the IBIT ETF of BlackRock did not receive any flows.

According to SpotOnChain, the net flows of IBIT have been standing still at $0 throughout the whole trading week. The chart also disclosed the inflows of Fidelity’s FBTC. The ETF effectively added 6.7 million worth of inflows. Apart from that, Franklin Bitcoin ETF recorded inflows of 3.6M worth. Additionally, Invesco Galaxy Bitcoin ETF secured 3.1M in net inflows.

Source