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.
Bitcoin mining has undergone a notable shift over the past decade, moving away from hydrocarbon fuels and adopting more sustainable energy practices.
In a recent live address, U.S. President Donald Trump declared that a new base tariff of 10% would be applied universally to all countries.
Metaplanet, a Tokyo-based investment firm, has continued its aggressive push into Bitcoin by acquiring an additional 160 BTC for approximately $13.3 million.
Bitcoin’s downward trend could persist longer than expected, according to some analysts who see similarities with the 2022 bear market.