Bitcoin ETF with second consecutive day of positive inflows
The latest data from Farside shows a revival in the spot Bitcoin exchange-traded fund (ETF) sector with inflows of $21.4 million on June 26, marking the second straight day of inflows.
Fidelity's FBTC led the way with inflows of $18.6 million, while Grayscale's GBTC saw inflows of just $4.3 million and VanEck's HODL $3.4 million.
This is quite positive news, considering that during the week beginning June 17 and ending June 21, the US Bitcoin ETF registered outflow of $544.1 million.
However, the outflow streak did not stop there as on June 24, the products witnessed a total outflow of $174.5 million.
READ MORE:
The price of Bitcoin is likely to remain at its current levels judging by historyThis trend could suggest that BTC is stabilizing around the $60,000 mark, which could potentially signal the end of the current correction at Bitcoin .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Chainlink teams up with ANZ for RWA tokenisation
Energy Web Launches AutoGreenCharge Beta App to Decarbonize EV Charging, Secured by Polkadot
BREAKING: New Developments About XRP ETF – First Step Allegedly Taken! Here are the Details
According to breaking, unconfirmed information, Bitwise has filed a Delaware registration for its XRP ETF.