As of June 25, the 11 spot Bitcoin funds launched in January have seen net inflows totaling $14.42 billion.
After a week of net outflows, spot Bitcoin exchange-traded funds (ETFs) based in the United States experienced a reversal on June 25, with net inflows reaching $31 million.
Data from SoSo Value indicates a shift from the previous seven consecutive trading days, which saw a cumulative $1.1 billion in outflows from the spot Bitcoin ETFs.
Outflow Trend Reversal
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the net inflows on June 25, with $49 million. This was followed by the Bitwise Bitcoin ETF (BITB), which saw $15 million in inflows, and the VanEck Bitcoin Trust ETF (HODL), which recorded net inflows of $4 million.
Conversely, the Grayscale Bitcoin Trust (GBTC) experienced net outflows of $30.3 million, while the ARK 21Shares Bitcoin ETF reported $6 million in net outflows.
However, BlackRock’s iShares Bitcoin Trust ETF (IBIT) — the largest fund by assets under management — reported no inflows on June 25. The same was true for ETFs from Invesco Galaxy, Valkyrie, and Franklin Templeton.
As of June 25, the 11 spot Bitcoin funds introduced in January have collectively garnered net inflows of $14.42 billion.
Summary Review: The spot Bitcoin ETF market has shown resilience after a challenging period of outflows. The reversal seen on June 25, with significant net inflows, indicates renewed investor confidence in these funds. Despite the varied performance among different ETFs, the overall positive net inflows since their debut in January highlight the growing interest and investment in Bitcoin ETFs. This trend suggests a promising future for these financial products in the broader cryptocurrency investment landscape.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
