HODL

Franklin

Galaxy

Bitcoin

<p>The landscape of US spot <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/">Bitcoin</a> exchange-traded funds (ETFs) has witnessed a significant turnaround after a challenging period. Following a series of net outflows spanning seven consecutive trading days, the market finally saw a reversal this Tuesday.&nbsp;</p> 
<p>Data from <a href="https://spotonchain.ai/en" target="_blank" rel="noopener">Spotonchain</a> indicates that these ETFs collectively absorbed $31 million in net inflows, suggesting a renewed investor interest in *BTC* amidst fluctuating market conditions.</p> 
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   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ETF</a> Net Inflow June 25, 2024: +$31M!<br><br>• The net inflow turned positive after 7 days of being negative.<br><br>• <a href="https://twitter.com/hashtag/Fidelity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Fidelity</a> (FBTC) experienced the largest inflow at $48.8M.<br><br>• <a href="https://twitter.com/hashtag/BlackRock?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BlackRock</a> (IBIT) has had net flows of $0 for 3 days.<br><br>• <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Grayscale</a> (GBTC) saw another outflow of… <a href="https://t.co/k5uFu1I3MV" target="_blank">pic.twitter.com/k5uFu1I3MV</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1805872655809364206?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 26, 2024</a>
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<p>Leading the pack in this resurgence is Fidelity’s FBTC, which alone accounted for $49 million in net inflows. Close on its heels, Bitwise’s BITB also showed strong performance with $15 million garnered.&nbsp;</p> 
<p>Not to be left behind, VanEck’s HODL added another $4 million to the influx. These inflows represent a significant shift in sentiment and could be indicative of greater confidence among institutional and retail investors regarding the stability and potential growth of Bitcoin.</p> 
<h2 class="wp-block-heading" id="trends-and-tensions-analyzing-the-movements-within-etfs">Trends and Tensions: Analyzing the Movements Within ETFs</h2> 
<p>Despite the positive inflows for some funds, not all shared in the gains. Grayscale’s GBTC experienced substantial outflows, totaling $30.3 million, while Ark Invest and 21Shares’ ARKB saw a decline with $6 million flowing out.&nbsp;</p> 
<p>Interestingly, BlackRock’s IBIT, which boasts the largest net asset value among spot bitcoin funds, recorded no new inflows or outflows despite a high daily trade volume of $1.1 billion. This static movement suggests a wait-and-see approach among some investors, possibly awaiting clearer market signals or regulatory news.</p> 
<p>Other funds like those managed by Invesco, Galaxy Digital, Valkyrie, and Franklin Templeton also reported zero flows, highlighting a day of mixed fortunes across the board. Since their debut in January, the 11 spot bitcoin funds have amassed a total net inflow of $14.42 billion. This figure not only underscores the growing acceptance and legitimacy of cryptocurrencies in mainstream finance but also highlights the volatility and rapid changes that can occur in this dynamic market.</p>

Is the Tide Turning for Bitcoin? U.S. ETFs Report First Net Inflows in Over a Week

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