Bitcoin ETFs have been experiencing positive inflows for two consecutive days, according to recent data from Farside. On June 26, there was an inflow of $21.4 million into Bitcoin exchange-traded funds, indicating a renewed interest from investors.
Among the ETFs, Fidelity’s FBTC received the largest inflow of $18.6 million, bringing its total inflows to an impressive $9.2 billion. Grayscale’s GBTC also saw a positive inflow of $4.3 million, marking its first inflow since June 5 and reducing its total outflows to $18.5 billion. BlackRock’s IBIT remained stable with no new inflows or outflows, maintaining its $17.6 billion inflow. In total, Bitcoin ETFs have attracted $14.4 billion in inflows.
This increase in inflows may suggest that Bitcoin is consolidating around the $60,000 mark, sparking renewed interest from investors. It could potentially signal the end of the current correction phase for Bitcoin.
The implications of these inflows were discussed by experts on the social platform X. Lead analyst at CryptoSlate, James Van Straten, senior editor Liam Wright, and Jim Bianco, head of Bianco Research, highlighted the significance of these inflows for the future trajectory of Bitcoin.
Overall, the positive inflows into Bitcoin ETFs reflect a growing interest in the cryptocurrency market and indicate a potential shift in investor sentiment towards Bitcoin. As the market continues to evolve, these inflows could have a significant impact on the price and performance of Bitcoin in the coming days. Investors will be closely watching how these inflows unfold and what they mean for the overall market.