U.S. spot Bitcoin exchange-traded funds (ETFs) bounced back on Friday after experiencing two days of outflows. The collective 11 ETFs amassed $143.1 million during the trading sessions, concluding the week positively.
Friday’s ETF Activity Rebounds After Two Days of Outflows
Despite Bitcoin (BTC) prices dipping to a low of $53,550 that day, the 11 spot Bitcoin ETFs performed notably well. Inflows totaling approximately $143.1 million were reported, with Fidelity’s FBTC leading the group with $117.38 million in investments. Following closely behind, Bitwise’s BITB attracted $30.19 million.
FBTC now holds reserves of 168,687.08 BTC, while Bitwise’s BITB has 38,603.39 BTC in reserves. Vaneck’s HODL received $12.79 million in inflows, increasing its reserves to 10,068.43 BTC. Ark Invest and 21shares’ ARKB secured $11 million on Friday, marking it as the sole other fund to experience inflows on July 5, according to sosovalue.xyz metrics.
ARKB now holds 46,266 BTC following Friday’s inflows. In contrast, Grayscale’s GBTC saw outflows amounting to $28.57 million on June 5, reducing its reserves to 274,249.03 BTC. Meanwhile, Blackrock’s IBIT saw no change in inflows or outflows, maintaining reserves at 307,206.23 BTC.
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