BTC Spot exchange-traded funds have seen a significant increase in cumulative net inflows once again. According to SoSoValue, a leading financial research forum, Bitcoin spot-ETF inflows reached $101 million on June 12, marking a significant rise from the previous position. Just a day earlier, outflows were at $200 million.
On June 12th, the main crypto token gained 1.37%, slightly down from the 3.15% increase on the 11th. This led to Bitcoin closing the session at almost $68,302. The market trends of BTC spot ETFs have reportedly affected buyer demand for Bitcoin. In the United States, the Bitcoin ETF market experienced outflows of up to $200 million on the 11th, but on the 12th, it saw $101 million in inflows.
Fidelity ETF had an inflow of $50 million, according to SoSoValue. The popular Bitcoin exchange-traded fund GBTC did not see any outflows on the 12th, while the Fidelity Bitcoin ETF saw fund inflows. SoSoValue reported that the FBTC exchange-traded fund had a consistent inflow of around $50.623 million. The platform also revealed the status of the BlackRock ETF.
It stated that the IBIT exchange-traded fund saw a decrease in daily inflows, with $15.5789 million coming in. Additionally, the Bitwise ETF had a one-day inflow of about $15 million, while the VanEck ETF received $12 million in daily inflows.
Tags: BTC, ETF