US Spot Bitcoin ETFs Draw $12 Million in Net Inflows Despite Reduced Pace

• Despite a slowdown, US spot Bitcoin ETFs received $12 million in net inflows.
• Bitwise’s BITB and Fidelity’s FBTC lead the pack in attracting investment.
• Investors seek exposure to Bitcoin without managing private keys or wallets.

Despite a slowdown, US spot Bitcoin ETFs received $12 million in net inflows. ETFs allow investors to gain exposure to Bitcoin without directly owning the cryptocurrency.

Bitwise’s BITB led the pack by drawing in $8 million in net inflows, followed closely by Fidelity’s FBTC, which reported net inflows of $7 million. These figures mark the sixth consecutive day of net inflows for the 11 Bitcoin ETFs trading in the United States. 

Collectively, over $1.18 billion in net inflows have been received over the past six days, bringing the total net inflows since January to an impressive $12.87 billion. However, the ETF inflows are notably lower compared to March’s inflows.

The recent surge in net inflows coincides with Bitcoin’s price tapping the $70,000 mark. Investors seem to be transitioning to ETFs to avoid the complexities of managing private keys or wallets. 

The Leaders?

BlackRock’s iShares Bitcoin ETF (IBIT) continues to lead the way, with more than $95 million in net inflows, closely followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $69.09 million.

Despite regulatory uncertainties and market volatility, ETFs have become a popular choice for both institutional and retail investors. 

They can be easily traded on stock exchanges and track Bitcoin’s price without owning it directly.

As the crypto market evolves, ETFs are likely to play a significant role in shaping investor portfolios. At least for now, the trend suggests that interest in Bitcoin ETFs is far from waning.

Read Also 

• U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M
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• U.S. Bitcoin ETFs Break Outflow Streak with $31 Million Inflow
• Bitcoin ETFs Hit Second-Highest Inflows Day with $886.6 Million
• Crypto Markets Rally: June Opens with $2 Billion Inflows, Ethereum Shines

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