Continued Positive Inflows for U.S. Spot Bitcoin ETFs
For the 19th consecutive day, U.S. spot bitcoin exchange-traded funds (ETFs) saw an increase in inflows, with a total of $130.99 million being gathered on Friday. Leading the pack once again was Blackrock's IBIT, which recorded net inflows of $168 million.
The trend of inflows for U.S. spot bitcoin ETFs remained steady, showcasing another day of positive movement. As per Sosovalue.xyz metrics, these ETFs accumulated $130.99 million in the public market, with the size of inflows gradually decreasing since June 4.
On Friday, Blackrock's IBIT secured $168 million in inflows, while Ark Invest's and 21shares' ARKB fund saw a modest increase of $7 million. In contrast, Grayscale's GBTC experienced outflows, losing $36 million during the day's trading sessions. Other funds maintained a neutral position, showing no significant gains or losses.
In total, the cumulative net inflows from all funds have now reached $15.69 billion. As of June 7, the total net assets of bitcoin (BTC) held by these funds amount to $61.10 billion. On Friday, approximately $2.51 billion was traded, with IBIT leading in volume at $1.4 billion.
What are your thoughts on the 19th day of net inflows from the 11 spot bitcoin ETFs? Feel free to share your opinions in the comments section below.