Bitcoin

Million

Pace

Read

Spot

<ul>
 <li>Despite a slowdown, US spot Bitcoin ETFs received $12 million in net inflows.</li>
 <li>Bitwise’s BITB and Fidelity’s FBTC lead the pack in attracting investment.</li>
 <li>Investors seek exposure to Bitcoin without managing private keys or wallets.</li>
</ul>
<p>Despite a slowdown, <a href="https://cryptonewsland.com/spot-bitcoin-etfs-approvals-imminent-or-delayed-to-next-week/" rel="noopener noreferrer nofollow">US spot </a><a href="https://cryptonewsland.com/spot-bitcoin-etfs-approvals-imminent-or-delayed-to-next-week/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a><a href="https://cryptonewsland.com/spot-bitcoin-etfs-approvals-imminent-or-delayed-to-next-week/" rel="noopener noreferrer nofollow"> ETFs</a> received $12 million in net inflows. ETFs allow investors to gain exposure to Bitcoin without directly owning the cryptocurrency.</p>
<p>Bitwise’s BITB led the pack by drawing in $8 million in net inflows, followed closely by Fidelity’s FBTC, which reported net inflows of $7 million. These figures mark the sixth consecutive day of net inflows for the 11 Bitcoin ETFs trading in the United States.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Funds continue to flow into spot <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> ETF, + $21.52 millions – SoSoValue<br>$52.53 millions in 2 days <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> <a href="https://twitter.com/hashtag/SoSoValue?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SoSoValue</a> <a href="https://twitter.com/hashtag/Flow?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Flow</a> <a href="https://t.co/Wt65qK36MG" rel="noopener noreferrer nofollow">pic.twitter.com/Wt65qK36MG</a></p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2708.png" alt="✈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Crypto HODL <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f42a.png" alt="🐪" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Crypto7HODL) <a href="https://twitter.com/Crypto7HODL/status/1806404082149548372?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Collectively, over $1.18 billion in net inflows have been received over the past six days, bringing the total net inflows since January to an impressive $12.87 billion. However, the <a href="https://www.etf.com/sections/monthly-etf-flows" rel="noopener noreferrer nofollow">ETF </a><a href="https://www.etf.com/sections/monthly-etf-flows" target="_blank" rel="noopener noreferrer nofollow">inflows</a> are notably lower compared to March’s inflows.</p>
<p>The recent surge in net inflows coincides with Bitcoin’s price tapping the $70,000 mark. Investors seem to be transitioning to ETFs to avoid the complexities of managing private keys or wallets.&nbsp;</p>
<h2 class="wp-block-heading" id="h-the-leaders">The Leaders?</h2>
<p><a href="https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust" rel="noopener noreferrer nofollow">BlackRock’s iShares </a><a href="https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a><a href="https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust" rel="noopener noreferrer nofollow"> ETF</a> (IBIT) continues to lead the way, with more than $95 million in net inflows, closely followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $69.09 million.</p>
<p>Despite regulatory uncertainties and market volatility, ETFs have become a popular choice for both institutional and retail investors.&nbsp;</p>
<p>They can be easily traded on stock exchanges and track Bitcoin’s price without owning it directly.</p>
<p>As the <a href="https://cryptonewsland.com/crypto-market-experiences-turbulent-week-amid-mixed-economic-data-better-days-ahead/" rel="noopener noreferrer nofollow">crypto </a><a href="https://cryptonewsland.com/crypto-market-experiences-turbulent-week-amid-mixed-economic-data-better-days-ahead/" target="_blank" rel="noopener noreferrer nofollow">market</a> evolves, ETFs are likely to play a significant role in shaping investor portfolios. At least for now, the trend suggests that interest in Bitcoin ETFs is far from waning.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/u-s-spot-bitcoin-etfs-maintain-15-day-inflow-streak-with-105m/" rel="noopener noreferrer nofollow">U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M</a></li>
 <li><a href="https://cryptonewsland.com/spot-bitcoin-etfs-suffer-145-83-million-outflows-amid-market-uncertainty/" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs Suffer $145.83 Million Outflows Amid Market Uncertainty</a></li>
 <li><a href="https://cryptonewsland.com/u-s-bitcoin-etfs-break-outflow-streak-with-31-million-inflow/" rel="noopener noreferrer nofollow">U.S. Bitcoin ETFs Break Outflow Streak with $31 Million Inflow</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-etfs-hit-second-highest-inflows-day-with-886-6-million/" rel="noopener noreferrer nofollow">Bitcoin ETFs Hit Second-Highest Inflows Day with $886.6 Million</a></li>
 <li><a href="https://cryptonewsland.com/crypto-markets-rally-june-opens-with-2-billion-inflows-ethereum-shines/" rel="noopener noreferrer nofollow">Crypto Markets Rally: June Opens with $2 Billion Inflows, Ethereum Shines</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/us-spot-bitcoin-etfs-draw-12-million-in-net-inflows-despite-reduced-pace/" rel="noopener noreferrer nofollow">US Spot Bitcoin ETFs Draw $12 Million in Net Inflows Despite Reduced Pace</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

US Spot Bitcoin ETFs Draw $12 Million in Net Inflows Despite Reduced Pace

Table of Contents

Crypto News Land

Other articles published on Jun 28, 2024

Forget the FOMO! MoonBag Top Crypto Presale in 2024 Triumphs as Arbitrum and BlastUp Falter

Cosmic Kittens (CKIT) Is Set to Explode but Will Bitcoin (BTC) Continue Its Bull Ride?

JASMY Adoption Arrives in the EU, Is the EUID Wallet Powered by JasmyCoin?

MakerDAO Defies Market Trends

Polygon Vs 5thScape (5SCAPE) Vs. Zentry: 5SCAPE Sets the Gold Standard!

Kraken CEO Jesse Powell Donates $1M in Crypto to Trump

Join our free newsletter for daily crypto updates!