The crypto market continues to attract attention, with recent movements in US spot Bitcoin ETFs revealing investor sentiment.
Impact of Inflows on Bitcoin ETF
On June 17, US Bitcoin ETFs experienced a net inflow of $217.37 million. This marks the seventh consecutive day of positive inflows exceeding outflows.
Winners and Losers Among ETFs
As of June 17, BlackRock IBIT attracted $640.07 million in net inflows. Meanwhile, other funds like Fidelity's FBTC and Ark Invest's ARKB saw significant outflows of -$208.46 million and -$191.40 million respectively.
Significance of Inflows for the Crypto Market
The ongoing streak of net inflows in U.S. spot Bitcoin ETFs is seen as a positive signal for the crypto market, indicating sustained interest from institutional and retail investors.
The seventh consecutive day of net inflows for U.S. Bitcoin ETFs, totaling $217.37 million, underscores a period of renewed investor interest.
