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 $31 million in net inflows, suggesting a renewed investor interest in *BTC* amidst fluctuating market conditions.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr">🚨 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<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

Mục lục

BlockchainReporter

Các bài viết khác được xuất bản trên 26 thg 6, 2024

Sui Partners Copper Eyeing Custody Support For Stablecoin & RWA

SLUMBO Price Prediction: SLUMBO Plunges 29% As Traders Pivot To This SOL Meme Coin With Its Airdr...

Pepe, Dogecoin, Shiba Inu Back Among Gainers As Memecoins Eclipse Bitcoin, Ethereum Spike

Bitget Supports TON Ecosystem with New Fund

NFTs see massive drop in trading volume this quarter

Injective (INJ) May Be Overvalued, On-Chain Metrics Suggest

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!