Bitcoin ETFs See $131M Inflows Despite Market Volatility

Bitcoin ETFs See $131M Inflows Despite Market Volatility



U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced notable inflows of $131 million on June 7, marking a 19-day streak of positive net movements. Despite this, ARK 21Shares Bitcoin ETF (ARKB) reported net outflows totaling 1,364 BTC, equivalent to approximately $96.84 million, reducing its holdings to 48,939 BTC, or roughly $3.47 billion.



Data from Lookonchain indicated that on June 7, an additional 3,689 BTC, valued at $261.91 million, was infused across nine distinct ETFs. This surge was primarily driven by BlackRock, which added 4,896 BTC valued at $347.61 million, boosting its total holdings to an impressive 302,540 BTC, worth $21.48 billion. This strong inflow highlights growing investor confidence, especially in products from BlackRock and Fidelity, overshadowing the outflows from ARK 21Shares. The Valkyrie


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#Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ETF, #News, #Regulations

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