Bitcoin ETFs saw a significant turnaround on June 12, recording a $100.8 million inflow. This marks a notable recovery from two consecutive days of outflows. While inflows exceeding $100 million haven’t been a rarity for spot Bitcoin ETFs, these inflows are especially significant as they come after a substantial outflow of $200.4 million on June 11.
Data from Farside showed Fidelity’s FBTC led the inflows with $50.6 million. BlackRock’s IBIT ranked second with $15.6 million in inflows, followed closely by Bitwise’s BITB ETF and its $14.5 million inflow. BITB has reversed the outflow it saw on June 11, when $56.5 million left the ETF. Valkyrie’s HODL recorded an inflow of $11.6 million.
Table showing the inflows and outflows for spot Bitcoin ETFs in the US from May 27 to June 12, 2024 (Source: Farside Investors)
In contrast, the previous two days saw high outflows, particularly from Grayscale’s GBTC. On June 11, GBTC saw $121 million in outflows and $39.5 million on June 10.
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