The spot Bitcoin ETFs have again witnessed some inflows. SpotOnChain, the popular platform offering precise crypto data to investors, has disclosed that BTC Spot ETFs effectively gained $73 million worth of inflows on June 28. The number is 6 times higher than that of the previous day. The platform took to X to provide the details of the respective inflows in terms of the individual ETFs.
🚨 $BTC #ETF Net Inflow June 28, 2024: +$73M!• The net inflow remains positive for 4 days.• #BlackRock (IBIT) finally received a large inflow ($82.4M) after 13 days of stagnant flows.• #Grayscale (GBTC) still saw the largest outflow of the day (-$27.2M).• The… pic.twitter.com/RL5GJytBaB
— Spot On Chain (@spotonchain) June 29, 2024
Bitcoin Spot ETFs Experience Cumulative Inflows of $73M Worth
In its latest social media post, it noted that GBTC saw 1-day outflows of up to $27 million. As a result of this, the ETF now possesses up to $16.51 billion worth of net assets. As per the analytics company, this figure maintains Grayscale’s position as the ETF seeing the biggest 1-day outflow. On the other hand, the popular ETF BlackRock finally experienced a huge inflow.
It reportedly efficiently pocketed a significant amount of $82.4 million in terms of inflows. SpotOnChain added that the exchange-traded fund has witnessed such a massive inflow following thirteen days. During this period the ETF has been going through stagnant flows. Contrarily, Fidelity’s exchange-traded fund also recorded outflows. Hence the FBTC ETF reportedly incurred nearly $25 million worth of outflows in 1 day.
The Cumulative Inflow of Ten US BTC ETFs Again Touches $14.52B Following 117 Days
Apart from that, the analytics provider also discussed the flows of ARKB ETF. The exchange-traded fund beheld substantial inflows although they were less than that of IBIT. It saw nearly 42.6M in terms of 1-day inflows. SpotOnChain also revealed that the cumulative inflow of ten US BTC ETFs has again reached the $14.52B spot following 117 days of trading.