The U.S. spot Bitcoin exchange traded fund (ETF) sector doesn't seem to be losing confidence in the asset, as it posted positive results again on June 10, registering total inflows of $147.4 million.
Leading financial institutions this time were Franklin Templeton (EZBC) and Fidelity (FBTC) with $31.7 million and $57.8 million, respectively.
They are followed by BlackRock’s IBTC with $22.2 million, which still reflects a decline given that this ETF attracted $121 million on July 9.
Also on July 8, IBTC registered an impressive daily inflow of $187.2 million, helping to bring the total for all U.S. spot ETFs to $294 million for the day, registering its strongest day of net inflows in more than a month.
Grayscale’s ETF was the only participant to see negative results over the same time period, registering outflows of $8.2 million.
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.