Bitcoin ETFs See Strong Recovery with $137.2m Inflow Surge Over Four Days

The VanEck Bitcoin Trust (HODL) reported a net inflow of $3.5 million. On June 26, GBTC saw its first positive inflow since June 5, with ETFs collectively registering a net inflow of $21.4 million. ARK Invest and 21Shares’ ARKB was the worst-performing fund on June 26, recording nearly $5 million in net outflows. Fidelity also had a positive day, with a net inflow of $6.7 million.

Invesco Galaxy’s BTCO fund also had a positive inflow of $3.1 million after two consecutive days of zero net flows. The Franklin Bitcoin ETF (EZBC) saw $3.6 million coming in following two days of no net flows, while GBTC fell back into net outflows, losing about $11.4 million worth of Bitcoins. On June 28, Bitcoin spot ETFs saw a total inflow of $73 million. Grayscale’s GBTC experienced more outflows of about $27.2 million, while BlackRock’s IBIT saw a one-day inflow of $82.4 million.

ARKB also had a good day, recording inflows of $42.8 million. The rest of the funds saw no net flows despite a substantial daily trading volume of $1.31 billion, according to SoSoValue. The price represented a 1.2% drop over the last 24 hours, underperforming the global crypto market, which was also down by 3.6%.

Leave a Reply

Your email address will not be published. Required fields are marked *