BTC Spot ETF inflows persist, reaching $131M on 6/7, marking 19 consecutive days
CryptoNewsTerminal Staff08 Jun, 2024
BTC Spot ETF inflows persist, reaching $131M on 6/7, marking 19 consecutive days
According to cryptocurrency market data analysis platform SoSoValue, the US Bitcoin Spot ETF saw a net inflow of $131 million on June 7th (local time). This marks the 19th consecutive trading day of net inflows into Bitcoin Spot ETFs. BlackRock's iShares Bitcoin Trust (IBIT) led the inflows, receiving $168 million, bringing its cumulative inflow to approximately $17.599 billion. ARK 21Shares ARKB followed with an inflow of $69.033 million. On the other hand, Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $36.341 million, bringing its cumulative outflow to $17.933 billion. This persistent inflow into Bitcoin Spot ETFs indicates continued investor interest in gaining exposure to Bitcoin through regulated and transparent investment vehicles.
