US Bitcoin ETFs Continue With Their Positive Inflows

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.

READ MORE:

Cathie Wood Discusses Bitcoin’s Current Bull Cycle and ETF Prospects

Grayscale’s ETF was the only participant to see negative results over the same time period, registering outflows of $8.2 million.

Kosta Gushterov