Farside's latest data shows a revival in the spot Bitcoin exchange traded fund (ETF) sector with inflows of $21.4 million on June 26, marking a second consecutive day of inflows.
Fidelity’s FBTC led the way with inflows of $18.6 million, while Grayscale’s GBTC saw inflows of just $4.3 million and VanEck’s HODL saw inflows of $3.4 million.
That’s pretty positive news, considering that in the week beginning June 17 and ending June 21, U.S. Bitcoin ETFs recorded outflows of $544.1 million.
The streak of outflows didn’t stop there, however, as the products witnessed a total outflow of $174.5 million on June 24.
This trend may suggest that BTC is stabilizing around the $60,000 mark, which could potentially signal the end of the current correction in Bitcoin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.
For the first time in 4 years, Fed cut the rates for the first time in 4 years, which lead to a notable surge in cryptocurrency prices.
Donald Trump, the Republican presidential nominee, made headlines by becoming the first former U.S. president to make a Bitcoin transaction.
Under President Nayib Bukele, El Salvador remains committed to its daily Bitcoin acquisition strategy, currently holding assets worth approximately $354.6 million.