The BTC Spot exchange-traded funds have again witnessed a significant rise in the cumulative net inflow. As per SoSoValue (a prominent financial research forum), the Bitcoin spot-ETF inflows reached the $101M spot on June 12, showing a huge increase from the former position. A day before, this figure was standing at $200M in terms of outflows.
BTC Spot ETFs Record a Rise in Net Inflows
The chief crypto token obtained 1.37% on the 12th of June. Slightly pulling back from a 3.15% from the 11th. As a result of this, Bitcoin concluded the session at nearly $68,302. The market flow inclinations of BTC spot ETFs have reportedly challenged the purchaser demand for Bitcoin. The Bitcoin ETF market in the United States went through a cumulative outflow of up to $200 million on the 11th. However, on the 12th, it secured $101 in inflows.
Fidelity ETF Secures an Inflow of $50 Million
According to SoSoValue, the famous Bitcoin exchange-traded fund GBTC experienced no outflows on the 12th. On the other hand, the Fidelity Bitcoin ETF saw fund inflows. SoSoValue added that the exchange-traded fund FBTC went through a regular inflow of almost $50.623 million. The analytics platform moved on to disclose the position of the BlackRock ETF.
It asserted that the exchange-traded fund IBIT saw a relatively decreased amount in terms of daily inflow. According to it, the ETF obtained $15.5789 million in the case of its daily inflow. Additionally, the Bitwise ETF recorded a 1-day inflow of approximately $15 million. Nevertheless, VanEck ETF received $12M in the daily inflow.