Bitcoin ETF With a Second Consecutive Day of Positive Inflows
27.06.2024 20:30 1min. read Alexander Stefanov
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.
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