Bitcoin ETF

Bitcoin

Spot

U.S. spot Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) ETFs have seen a positive shift, registering four consecutive days of net inflows amounting to $137.2 million. 
The turnaround started on June 25, following a tough week of consistent net <a href="https://crypto.news/bitcoin-etfs-enjoy-6-days-of-continued-9-figure-outflows/" target="_blank" rel="noreferrer noopener">outflows</a> across nearly all funds.&nbsp; 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd2yDcRvUG7x0hrMlaUiyf1XUuDSQIYnDcaT3Y_9TUEe3zwTHEUn13QQad53s8Uycs-3STNcXxmfKAu8uTSKD2LdYJv4rgJBKNBbXw25DJYWLo4HfRaMdleIQ27LdvIRpmhosqkD62y9W-N2E5RFVfm4Lxs?key=Gs1M9f5bpI_6uxkFPdCR6w" alt="Spot Bitcoin ETFs rebound with $137.2m in four-day inflow surge despite volatility - 28">
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 Bitcoin spot ETF flows June 25-28 | Source: Farside Investors
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On that day, per <a href="https://farside.co.uk/?p=997" target="_blank" rel="">data</a> from Farside Investors, spot Bitcoin ETFs in the U.S. recorded $31 million in net inflows, with Fidelity’s FBTC leading the charge with $48.8 million in inflows, followed by the Bitwise Bitcoin ETF (BITB) with $15.2 million. The VanEck Bitcoin Trust (HODL) also reported $3.5 million in net inflows. 
The rest of the funds largely stayed neutral, except for Grayscale’s GBTC, which faced significant net outflows of $30.3 million. However, on June 26, GBTC saw its first positive inflow since June 5, as the ETFs collectively registered a net inflow of $21.4 million.&nbsp; 
Once again, <a href="https://crypto.news/tag/fidelity/" target="_blank" rel="noreferrer noopener">Fidelity</a> and VanEck saw gains, respectively, bringing in $18.6 million and $3.4 million worth of BTC. ARK Invest and 21Shares’ ARKB was the worst-performing fund on June 26, recording nearly $5 million in net outflows. 
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On June 27, the net inflows were much lower than the previous two days, with the spot Bitcoin ETFs raking in about $11.8. The activity was spread across five funds, with <a href="https://crypto.news/tag/bitwise/" target="_blank" rel="noreferrer noopener">Bitwise</a> responsible for the highest inflow at $8 million. Fidelity also had another positive day, recording $6.7 million in net inflows.&nbsp; 
Invesco Galaxy’s BTCO fund also had a positive inflow of $3.1 million after two consecutive days of zero net flows. The same was replicated on the Franklin Bitcoin ETF (EZBC), which saw $3.6 million coming in following two days of no net flows. GBTC, however, fell back into net outflows, losing about $11.4 million worth of Bitcoins. 
On June 28, Bitcoin spot ETFs saw a total inflow of $73 million. Grayscale’s GBTC experienced more outflows of about $27.2 million, while BlackRock’s IBIT saw a one-day inflow of $82.4 million. ARKB also had a good day, recording inflows of $42.8 million. The rest of the funds saw no net flows despite a substantial daily trading volume of $1.31 billion, according to SoSoValue. 
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 <img loading="lazy" decoding="async" width="1024" height="129" src="https://crypto.news/app/uploads/2024/06/unnamed-1-1024x129.png" alt="Spot Bitcoin ETFs rebound with $137.2m in four-day inflow surge despite volatility - 29"> 
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 Summary of spot Bitcoin ETF flow activity | Source: SoSoValue
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To date, the 11 spot Bitcoin ETFs have attracted a total net inflow of over $14.5 billion since their launch in January 2024. This surge in <a href="https://crypto.news/tag/etf/" target="_blank" rel="noreferrer noopener">ETF</a> investments has been a major driver of Bitcoin’s record-breaking growth this year. 
However, in the week that the positive flows happened, the cryptocurrency’s price dipped by more than 5%, possibly influenced by the upcoming <a href="https://crypto.news/mt-gox-to-start-bitcoin-bitcoin-cash-repayments-in-july/" target="_blank" rel="noreferrer noopener">repayments</a> to Mt. Gox creditors, which could add selling pressure to the market. 
At the time of writing, BTC was priced at $60,862.07 and had a market capitalization of $1,200,201,471,649, according to <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="">CoinGecko</a>. The price represented a 1.2% drop over the last 24 hours, meaning it was underperforming the global crypto market which was also down 3.6%. 
 Read more: <a href="https://crypto.news/21shares-files-spot-solana-etf-with-sec/"> 21Shares files spot Solana ETF with SEC </a>

Spot Bitcoin ETFs rebound with $137.2m in four-day inflow surge despite volatility

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