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An end to 7 consecutive days of massive capital loss! U.S. Bitcoin spot ETF resumes net inflows

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2024-06-27 09:56:22690browse

An end to 7 consecutive days of massive capital loss! U.S. Bitcoin spot ETF resumes net inflows

This site (120bTC.coM): After losing money for seven consecutive days, the U.S. Bitcoin spot ETF finally began to regain its gold-absorbing momentum on Tuesday, with a total net inflow of US$31 million. According to data from SoSoValue, on June 25, Eastern Time, FBTC launched by Fidelity topped the list of Bitcoin spot ETFs with a net inflow of US$49 million; while Bitwise’s BITB ranked first with a net inflow of US$15 million. Net capital inflow ranked second; VanEck's HODL recorded a net inflow of US$4 million.

An end to 7 consecutive days of massive capital loss! U.S. Bitcoin spot ETF resumes net inflows

As for GBTC, a subsidiary of Grayscale Investment, it continued to experience capital outflows, with a net outflow of US$30.3 million; ARKB, jointly launched by ARKInvest and 21Shares, lost approximately US$6 million. On the other hand, BlackRock's IBIT, as the largest Bitcoin spot ETF by assets, recorded "zero" net inflows despite Tuesday's trading volume of $1.1 billion; while Invesco, Galaxy Digital, Valkyrie and FranklinTempleton’s Bitcoin Spot ETF also recorded “zero” inflows. Data shows that as of June 25, the cumulative net inflow of 11 U.S. Bitcoin spot ETFs reached US$14.42 billion, a decrease of US$1.27 billion from the peak of US$15.69 billion set on June 7.

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