Bitcoin Attracts Corporates Again: Purchases Arrive in Parallel to US Data!
Spot Bitcoin exchange-traded funds witnessed net inflows again after a two-day stutter.
US-based spot Bitcoin ETFs, which have recently witnessed a 19-day net inflow series, broke this series by experiencing outflows on Monday and Tuesday.
However, as the data from the USA became clearer and the decline took advantage, corporates turned to spot Bitcoin ETFs again on Wednesday, June 12. A total of 101 million dollars of net inflow was seen in 11 funds.
Fidelity was the recipient of the most investments
On Wednesday, Fidelity's FBTC led the way with an inflow of $51 million, according to SosoValue data. BlackRock's IBIT hosted an inflow of $16 million.
Bitwise’s BITB recorded a net inflow of $15 million and VanEck’s HODL recorded a net inflow of $12 million. Ark Invest’s ARKB also managed to attract $9 million.
Institutions' return to spot Bitcoin ETFs paralleled the gradual clarification of macroeconomic factors.