After seven consecutive days of net outflows, spot Bitcoin exchange-traded funds (ETFs) in the United States experienced a turnaround on June 25, with net inflows amounting to $31 million. This data, sourced from SoSo Value, shows a reversal from the previous week, which saw a total of $1.1 billion in outflows from Bitcoin (BTC) ETFs.
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with net inflows of $49 million on Tuesday, followed by the Bitwise Bitcoin ETF (BITB) with $15 million, and the VanEck Bitcoin Trust ETF (HODL) with $4 million in inflows. However, the Grayscale Bitcoin Trust (GBTC) experienced net outflows of $30.3 million, while the ARK 21Shares Bitcoin ETF reported $6 million in outflows.
The BlackRock iShares Bitcoin Trust ETF (IBIT), the largest fund in terms of assets under management, did not see any inflows on June 25. The same was true for ETFs from Invesco Galaxy, Valkyrie, and Franklin Templeton.
Since their debut in January, the 11 spot Bitcoin funds have seen net inflows of $14.42 billion as of June 25.
In April, the U.S.-based spot Bitcoin ETFs experienced the highest outflows since then, with total net outflows exceeding $1.2 billion between April 24 and the beginning of May.
Meanwhile, spot Ether (ETH) ETFs have received a soft approval from the U.S. Securities and Exchange Commission (SEC) in May, and potential issuers are currently finalizing their registrations before launch. Companies have recently been submitting amended Form S-1 registration statements, indicating that spot Ether ETFs could potentially start trading in the U.S. by July 2, according to Bloomberg ETF analyst Eric Balchunas. VanEck, an investment manager, has filed a Form 8-A with the SEC for its spot Ether ETF, bringing it closer to launching.
According to TradingView data, the price of Bitcoin increased from $61,359 on June 25 to $61,732 at the time of publication, representing a 0.6% rise.
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