U.S. spot Bitcoin ETF net inflows hit a three-week high, what to expect?

On Monday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported net inflows of $129.45 million. This was the largest single-day net inflow since June 7 and continued a five-day streak of positive inflows. According to SosoValue data, Fidelity's FBTC led the gains, recording net inflows of $65 million, followed by Bitwise's BITB with net inflows of $41 million.

Other ETFs, including Ark Invest and 21Shares' ARKB, reported net inflows of $13 million. Invesco and Galaxy Digital, VanEck and Franklin Templeton's funds had smaller inflows, each with inflows of around $5 million. However, BlackRock's IBIT and Grayscale's GBTC, the two largest spot Bitcoin ETFs by net asset value, saw no inflows on Monday.

On Monday, the total trading volume of 11 Bitcoin ETFs reached about $1.36 billion. These ETFs were established in January and have received a total net inflow of $14.65 billion so far. Such sustained inflows indicate that investors are increasingly interested in Bitcoin ETFs as a reliable investment tool.

Along with the positive inflows, the price of Bitcoin has fallen slightly by 0.2% in the past 24 hours, to $62,547.61 at press time. Bitcoin has recovered from a brief drop below $60,000 last week, but it still struggles to break through the price of more than $71,000 in early June.

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With the contribution of Fidelity's FBTC and Bitwise's BITB, the positive inflow trend is expected to continue, reflecting that market sentiment remains strong despite recent price fluctuations.

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