Franklin

Galaxy

Bitcoin

Zero

<ul>
 <li>Bitwise’s BITB received $8 million in inflows yesterday.</li>
 <li>Only $11.5 million worth of Grayscale’s GBTC was withdrawn.</li>
</ul>
Net inflows of $11.80 million were recorded by the eleven spot bitcoin ETFs in the US on Thursday, extending the positive run to three consecutive days. The pace has decreased since Tuesday’s net inflows of $31 million, but the inflows have persisted.
SosoValue data shows that Bitwise’s BITB received $8 million in inflows yesterday. With <a href="https://thenewscrypto.com/fidelity-amends-s-1-for-spot-ethereum-etf-no-sponsor-fee-disclosure/" rel="noopener noreferrer nofollow">Fide</a><a href="https://thenewscrypto.com/fidelity-amends-s-1-for-spot-ethereum-etf-no-sponsor-fee-disclosure/" target="_blank" rel="noopener noreferrer nofollow">l</a><a href="https://thenewscrypto.com/fidelity-amends-s-1-for-spot-ethereum-etf-no-sponsor-fee-disclosure/" rel="noopener noreferrer nofollow">ity’s</a> FBTC following closely after with net inflows of about $7 million. Net inflows of $3.6 million were recorded by Franklin Templeton’s spot bitcoin ETF, marking its highest level since mid-May.
<h3 class="wp-block-heading" id="h-zero-inflows-for-blackrock-s-ibit">Zero Inflows for BlackRock’s IBIT</h3>
On Thursday, $3 million poured into BTCO, which is owned by Invesco and Galaxy Digital. While $1.84 million poured into ARKB, which is owned by Ark Invest and 21Shares.
Only $11.5 million worth of <a href="https://thenewscrypto.com/blackrock-surpasses-grayscale-to-become-largest-bitcoin-etf-fund/" target="_blank" rel="noopener noreferrer nofollow">Grayscale’s</a> GBTC was withdrawn. Despite $520 million worth of trading on Thursday, <a href="https://www.blackrock.com/corporate" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s</a> IBIT—the biggest spot bitcoin ETF by net asset value—reported zero flows for the fifth day in a row.
Zero day flows were also reported by the remaining funds from VanEck, Valkyrie, WisdomTree, and Hashdex. On Thursday, the eleven bitcoin funds’ daily trading volume was close to $920 million, a substantial decrease from their peak of almost $10 billion in March. Since their launch in January, the ETFs have had a net inflow of $14.45 billion.
Although <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> market price has seen some improvement, it is still unable to break over the $62,000 barrier; after a 0.84% rise over the last 24 hours, it is now hanging around $61,606 as per data from CMC.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/south-american-country-bolivia-lifts-4-year-ban-on-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">South American Country Bolivia Lifts 4-Year Ban on Bitcoin</a>

US Spot Bitcoin ETFs Record $11.80 Million Net Inflows on Thursday

Table of Contents

TheNewsCrypto

Other articles published on Jun 28, 2024

Major crypto projects to unlock $755M in July

AVAX Price Increases with Potential ETF Rumors

Coinbase Adds CFTC Regulated Futures for Five Altcoins

Turning Tables: SEC Sues Consensys

Odds Of Trump Winning The Election Surges To 67% On Polymarket

Investors are Betting Big on MoonBag Meme Coin’s Lucrative Staking Rewards as Kangamoon, Fantom T...

Join our free newsletter for daily crypto updates!