Value

Bitcoin

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Spot

<ul>
 <li>U.S. Bitcoin ETFs rebound with $31M in net inflows, breaking a week of losses.</li>
 <li>Fidelity’s FBTC leads with $49M inflows; Grayscale’s GBTC sees $30.3M outflows.</li>
 <li>Spot Ether ETFs anticipated to launch soon, possibly attracting $15B in 18 months.</li>
</ul>
After a challenging week marked by persistent outflows, U.S. spot Bitcoin ETFs saw a positive shift with $31 million in net inflows recorded on Tuesday. This turnaround breaks a seven-day streak of net outflows across the spectrum of 11 bitcoin funds.
Leaders and Laggards in Fund Flows&nbsp;
Fidelity’s FBTC emerged as the leader on Tuesday, attracting $49 million in inflows. Following suit, Bitwise’s BITB added $15 million. Conversely, Grayscale’s GBTC experienced significant withdrawals, facing net outflows of $30.3 million.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> Bitcoin ETF Tracker | 2024-06-25 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e9.png" alt="🟩" class="wp-smiley" style="height: 1em; max-height: 1em;"> Daily Total Net Inflow +$31.01M <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b0.png" alt="💰" class="wp-smiley" style="height: 1em; max-height: 1em;"> Total Value Traded $2.21B <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3e6.png" alt="🏦" class="wp-smiley" style="height: 1em; max-height: 1em;"> Total Net Assets $53.56B <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> ETF Market Value Ratio 4.39% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f947.png" alt="🥇" class="wp-smiley" style="height: 1em; max-height: 1em;"> Net Inflows/Outflows for Each ETF <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e9.png" alt="🟩" class="wp-smiley" style="height: 1em; max-height: 1em;"> FBTC +$48.79M <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e9.png" alt="🟩" class="wp-smiley" style="height: 1em; max-height: 1em;"> BITB +$15.20M <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e9.png" alt="🟩" class="wp-smiley" style="height: 1em; max-height: 1em;"> HODL +$3.50M <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b1c.png" alt="⬜" class="wp-smiley" style="height: 1em; max-height: 1em;"> IBIT $0 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b1c.png" alt="⬜" class="wp-smiley" style="height: 1em; max-height: 1em;"> BTCO $0… <a href="https://t.co/0xXkv7cxqb" rel="noopener noreferrer nofollow">pic.twitter.com/0xXkv7cxqb</a>— SoSoValue (@SoSoValueCrypto) <a href="https://twitter.com/SoSoValueCrypto/status/1805828776825438230?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
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Ark Invest and 21Shares’ ARKB also reported outflows totaling $6 million. Interestingly, BlackRock’s IBIT, despite its substantial trade volume of $1.1 billion, reported zero net flows, reflecting a mixed sentiment in the market.
Moreover, as the crypto industry continues to evolve, attention is now shifting towards the potential launch of spot ether ETFs in the U.S. Following a tentative nod from the SEC, issuers have been actively updating their registration statements in anticipation.Senior Bloomberg ETF <a href="https://cryptonewsland.com/analyst-predicts-early-july-trading-for-vanecks-ether-etf/" target="_blank" rel="noopener noreferrer nofollow">analyst</a>, Eric Balchunas, suggests that these could hit the market as soon as next week.&nbsp;
Matt Hougan of Bitwise anticipates that spot ether ETFs could draw $15 billion in inflows within the first 18 months of their U.S. debut, underscoring the market interest in diversified cryptocurrency investment options.
The recent influx in Bitcoin ETFs might signal a renewed investor confidence, hinting at a more robust performance in the coming months. Meanwhile, the anticipation surrounding ether ETFs continues to build, potentially setting the stage for another significant development in the cryptocurrency investment landscape.
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>
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 <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/cardano-aims-to-break-losing-streak-can-it-rally-to-0-62/" rel="noopener noreferrer nofollow">Cardano Aims to Break Losing Streak: Can It Rally to $0.62?</a></li>
 <li><a href="https://cryptonewsland.com/xrp-bucks-trend-with-700k-inflows-as-bitcoin-and-ethereum-see-70m-outflows/" rel="noopener noreferrer nofollow">XRP Bucks Trend with $700K Inflows as Bitcoin and Ethereum See $70M+ Outflows</a></li>
 <li><a href="https://cryptonewsland.com/us-spot-bitcoin-etfs-report-226m-outflows-fidelitys-fbtc-leads/" rel="noopener noreferrer nofollow">US Spot Bitcoin ETFs Report $226M outflows, Fidelity’s FBTC leads</a></li>
</ul>
The post <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> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

U.S. Bitcoin ETFs Break Outflow Streak with $31 Million Inflow

Crypto News Land

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