Fresh BTC Spot ETF Inflows Surpass $200 Million in Two Days

IconCryptoNewsTerminal Staff09 Jul, 2024

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Fresh BTC Spot ETF Inflows Surpass $200 Million in Two Days

Farside Investors' data reveals that the US BTC Spot ETF witnessed a remarkable influx of $216 million on the 9th (local time). This marks the second consecutive day of inflows exceeding $200 million. BlackRock IBIT and Fidelity FBTC absorbed $121 million and $91 million, respectively, on that day. However, Grayscale GBTC experienced an outflow of $37.5 million. This surge in ETF inflows reflects a growing institutional appetite for exposure to the Bitcoin market.