BTC ETFs See Record Inflows Amid Market Fluctuations

This week, US Spot Bitcoin ETFs saw a significant surge in net inflows, reaching $310.21 million on Friday, according to SoSo Value data. This marks the largest inflow since June 5, despite recent selling pressures caused by the German government’s bitcoin sales and anticipation of Mt. Gox repayments. Despite bitcoin’s price drop from last month, investors remain bullish, viewing the current prices as an opportunity to buy the dip.
Major ETFs saw substantial inflows: BlackRock’s IBIT fund ($120 million), Fidelity’s FBTC ($115.1 million), Bitwise’s BITB ($28.42 million), Grayscale’s GBTC ($23.01 million), and ARKB from 21 Shares and Ark Invest ($13.02 million). VanEck’s HODL and Invesco and Galaxy Digital’s BTCO funds had inflows below $10 million. ETFs from Valkyrie Digital Assets, WisdomTree, Hashdex, and Franklin Templeton had no inflows or outflows. No funds recorded outflows.
For the week, total inflows amounted to $1.04 billion, with $15.8 billion in net inflows since January. Grayscale has experienced $18.6 billion in outflows since its inception, while Hashdex is the only ETF with net outflows, totaling $2 million. Analysts also anticipate the launch of ETH ETFs by mid-July, as indicated by the SEC.