Spot Bitcoin ETFs see an increase in inflows$BTC

On June 25, U.S.-based spot Bitcoin exchange-traded funds (ETFs) experienced a notable change in their recent trend. After seven consecutive days of outflows, these ETFs saw an uptick in inflows totaling $31 million.

Data from SoSo Value highlights that Fidelity’s ETF (FBTC) led the inflows, securing $49 million. This was followed by the Bitwise Bitcoin ETF (BITB), which attracted $15 million, and the VanEck Bitcoin Trust ETF (HODL), which recorded $4 million in net inflows.

Conversely, some ETFs still faced outflows. The Grayscale ETF (GBTC) experienced a significant single-day outflow of $30.2 million, and the ARK 21Shares Bitcoin ETF reported $6 million in net outflows.

Since the introduction of these 10 spot Bitcoin funds on January 11, they have collectively seen net inflows of $14.42 billion, managing assets worth over $53.56 billion as of June 25.

Despite the recent positive movement, spot Bitcoin ETFs have endured substantial outflows in the past weeks, marking their largest since April. During that period, from April 24 to early May, the ETFs experienced net outflows exceeding $1.2 billion.

The shift on June 25 represents a potential change in sentiment among investors, suggesting renewed interest and confidence in spot Bitcoin ETFs after a period of notable withdrawals.