Value

Bitcoin

Million

Read

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">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <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>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
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>
<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/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

دیگر آرٹیکلز 26 جون، 2024 پر پبلش کیے گئے ہیں

Crypto industry awaits Indian Budget 2024 with renewed hope for tax relief

Law firm impersonators target crypto scam victims, FBI alarms

Analysts Predictions: MoonBag Crypto To Reach $1 While Chainlink & Avalanche Deal With Scrutiny C...

Zero Markup Magic: How Moonbag Meme Coin Eclipses Immutable X & BlastUP Fee Frenzy?

MoonBag Meme Coin Becomes Best Performing Presale: Bitcoin Cash And Immutable X Make Failed Attem...

Binance Coin (BNB) Continues to Trade Below Key Moving Averages

Join our free newsletter for daily crypto updates!