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CryptoIntelligence 2024-07-01 03:01:00

Spot Bitcoin ETFs See $31M Inflows, Reversing Seven-Day Outflows

Spot Bitcoin ETFs See $31M Inflows, Reversing Seven-Day Outflows

After a week of net outflows, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a reversal on June 25, with net inflows reaching $31 million. Data from SoSo Value reveals a shift from the past seven consecutive trading days, which saw $1.1 billion in total outflows from the spot Bitcoin ETFs. On Tuesday, June 25, the Fidelity Wise Origin Bitcoin Fund (FBTC) led net inflows with $49 million, followed by the Bitwise Bitcoin ETF (BITB) with $15 million, and the VanEck Bitcoin Trust ETF (HODL) with net inflows of $4 million. Conversely, the Grayscale Bitcoin Trust (GBTC) experienced net outflows

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