Sustained BTC Spot ETF Inflows: $215 Million Net Inflow on June 6th
CryptoNewsTerminal Staff07 Jun, 2024
Sustained BTC Spot ETF Inflows: $215 Million Net Inflow on June 6th
Crypto analyst HODL15Capital (@HODL15Capital) has reported that Bitcoin spot ETFs in the United States saw a net inflow of $215 million on June 6 (local time). This marks the 19th consecutive trading day of net inflows for these ETFs. Blackrock IBIT recorded a substantial inflow of $347 million, while Fidelity FBTC and VanEck HODL saw inflows of $3 million and $2 million, respectively. On the other hand, outflows were reported for ARK21Shares ARKB (-$97 million), Bitwise BITB (-$3 million), and Grayscale GBTC (-$38 million). The sustained inflows into Bitcoin spot ETFs indicate a growing interest in cryptocurrencies among institutional investors. These inflows suggest that investors are seeking exposure to Bitcoin without the complexities of directly holding the asset.
