BTC Spot ETF Inflows Reach $100 Million Mark on June 12

IconCryptoNewsTerminal Staff13 Jun, 2024

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BTC Spot ETF Inflows Reach $100 Million Mark on June 12

Bitcoin Spot ETFs witnessed a substantial shift in sentiment on June 12, with net inflows totaling $100 million. This influx of investment marks a notable departure from the recent trend of outflows. According to Farside Investors, within three trading days, iShares Blockchain and Tech ETF (IBIT) received $15.6 million, Fidelity's Wise Origin Bitcoin Trust (FBTC) saw an inflow of $50.6 million, and Bitwise's Bitcoin ETF (BITB) recorded an inflow of $14.5 million. These significant inflows indicate renewed confidence among investors in the potential of Bitcoin and its underlying technology. The shift away from outflows suggests that market sentiment is gradually improving, potentially signaling a long-term shift in the perception of Bitcoin Spot ETFs as a viable investment option.

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