% 4.25
BTC Dominance:
% 0.35
Market Cap:
$2.21 T
% 1.97
Fear & Greed:
33 / 100
$ 62.791
BTC Dominance:
% 53.6
Market Cap:
$2.21 T

Bitcoin Allures Institutions Again: Buying Spree Parallels US Data Release!

Bitcoin, Retail

Spot Bitcoin exchange-traded funds (ETFs) witnessed net inflows after two consecutive days of outflows.

US-based spot Bitcoin ETFs, which had been on a 19-day streak of net inflows, experienced outflows on Monday and Tuesday, breaking the chain.

However, as US data became clearer and institutional investors seized the opportunity to buy the dip, spot Bitcoin ETFs saw renewed inflows on Wednesday, June 12th. A total of $101 million in net inflows was recorded across 11 funds.

Fidelity Received the Largest Inflows

According to SosoValue data, Fidelity’s FBTC led the way with $51 million in inflows on Wednesday. BlackRock’s IBIT followed suit with $16 million in inflows.

Bitwise’s BITB recorded $15 million in net inflows, while VanEck’s HODL saw $12 million in net inflows. Ark Invest’s ARKB also managed to attract $9 million in inflows.

The renewed institutional interest in spot Bitcoin ETFs coincides with the gradual clarification of macroeconomic factors.

You can share your opinions in the comments about the topic. Also, follow us on TelegramTwitter, and YouTube for more content like this.

Rate this post
READ:  FED Chair Powell's Statement on CBDC

Leave a Reply

Your email address will not be published.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