Bitcoin

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<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 $7 million. These figures mark the sixth consecutive day of net inflows for the 11 Bitcoin ETFs trading in the United States.&nbsp;</p>
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   <p lang="en" dir="ltr">Funds continue to flow into spot <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$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>
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<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

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