Insights
BitcoinETFs
Bitcoin
ETFs
see
a
resurgence
in
interest,
accumulating
over
$100
million
in
a
day.
Quick
Take
According
to
data
from
Farside,
Bitcoin
(BTC)
exchange-traded
funds
(ETFs)
witnessed
an
inflow
of
$100.5
million.
This
marks
the
largest
inflow
into
these
ETFs
since
May
6
and
represents
a
consecutive
day
of
inflows.
Out
of
the
11
ETFs
analyzed,
six
experienced
positive
inflows.
The
day
belonged
to
Ark
ARKB,
which
saw
an
impressive
$133.1
million
inflow,
the
largest
since
March
27,
bringing
its
total
inflows
to
$2.4
billion.
Fidelity
FBTC
also
recorded
an
$8.1
million
inflow,
taking
its
total
net
inflow
to
$8.2
billion.
BlackRock
IBIT,
however,
saw
neither
inflows
nor
outflows,
according
to
Farside
data.
Farside
reports
that
the
Invesco
Galaxy
Bitcoin
ETF
(BTCO),
Valkyrie
Bitcoin
Fund
(BRRR),
VanEck
(HODL),
and
Franklin
Templeton
(EZBC)
ETF
all
experienced
inflows.
On
the
other
hand,
Grayscale
GBTC
resumed
outflows,
witnessing
a
$50.9
million
outflow,
bringing
its
total
net
outflows
to
$17.7
billion.
Overall,
ETFs
have
now
seen
a
total
inflow
of
$11.8
billion.
This
development
coincides
with
the
recent
investments
by
the
State
of
Wisconsin
Investment
Board
and
Titan
Global
in
spot
Bitcoin
ETFs.
Go to Source
Author: James Van Straten