🔥ℹ️Bitcoin ETFs made a remarkable comeback on June 12, registering an impressive $100 million in inflows.

This resurgence is particularly noteworthy given the backdrop of two consecutive days of significant outflows. Such substantial inflows are not uncommon for spot Bitcoin ETFs, but this turnaround is striking as it follows a major outflow of $200.4 million on June 11.

Before this rebound, the market witnessed considerable outflows, especially from Grayscale’s GBTC, which saw $121 million in outflows on June 11 and $39.5 million on June 10. Other ETFs, such as ARKB and BITB, also faced outflows during these days, contributing to a pessimistic market sentiment.

The influx of $100.8 million on June 12 signals a renewed sense of optimism among investors. This shift can be linked to Bitcoin's recent price surge, which briefly exceeded $69,000 following unexpectedly positive US CPI data. Although the price spike was short-lived, it succeeded in injecting a dose of optimism into the market. Additionally, cooling inflation figures appear to have boosted investor confidence across the broader financial landscape.

Currently, the total assets under management (AUM) for Bitcoin ETFs have climbed to around $5.3 billion, underscoring a revived interest in digital assets. Institutional investors are at the forefront of this trend, viewing Bitcoin ETFs as a regulated and hassle-free method to gain exposure to the leading cryptocurrency.

This surge in Bitcoin ETF inflows highlights not only a favorable market sentiment but also the growing mainstream acceptance of cryptocurrencies. As investors increasingly seek portfolio diversification, Bitcoin ETFs offer a strategic means to incorporate digital assets.

The information provided here is for educational and informational purposes only and should not be construed as financial advice!

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