The U.S. spot Bitcoin exchange-traded funds (ETFs) have been seeing positive inflows for 19 consecutive days, with an influx of $131 million on June 7. Despite this, the ARK 21Shares Bitcoin ETF experienced net outflows totaling 1,364 valued at about $96.84 million. BlackRock played a significant role in driving the influx, adding 4,896 BTC worth $347.61 million to its holdings, bringing its total to an impressive 302,540 BTC valued at $21.48 billion.
These inflows reflect strong investor confidence, particularly in BlackRock’s and Fidelity’s products, overshadowing the outflow seen in ARK 21Shares. Valkyrie Bitcoin Fund remained neutral, while Franklin Bitcoin ETF recorded zero net flows. Over the course of seven days, BlackRock performed the best among Bitcoin ETFs, with a net inflow of 13,482 BTC. Fidelity Wise Origin Bitcoin Fund came in second with 9,729 BTC, followed by ARKB with 1,764 BTC.
In total, U.S. Bitcoin ETFs now hold over 880,000 BTC, worth upwards of $62 billion since their introduction in January. Despite the inflows into these ETFs, Bitcoin’s price has remained relatively stable, fluctuating between $68,856 and $69,544 over the past day. The cryptocurrency saw a minor decline of 0.9% in the past 24 hours, trading at $69,465 with a market cap of $1.36 trillion and a market dominance of roughly 51.1%.
BlackRock remains the largest BTC ETF with over $21 billion worth of Bitcoins, followed by Grayscale with 285,651 BTC valued at about $19.7 billion, and Fidelity with Bitcoin holdings worth nearly $12 billion. Other ETFs, including VanEck Bitcoin Trust ETF and Valkyrie Bitcoin Fund, also saw inflows, contributing to the overall positive trend in Bitcoin ETF investments.
Overall, the consistent inflows into U.S. Bitcoin ETFs signal strong investor confidence in these products, particularly those offered by BlackRock and Fidelity. Despite the stable price of Bitcoin, ETFs continue to attract significant investments, with total BTC holdings exceeding $62 billion. This trend highlights the growing interest and acceptance of Bitcoin as an asset class among institutional and retail investors alike.
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