GBTC - Bitcoin Crosses $67500 As Spot ETFs Record $101M Inflow | Benzinga
Bitcoin spot ETFs on June 12 experienced a remarkable net inflow of $101 million, reflecting growing investor confidence and interest in the leading cryptocurrency.
What Happened: This surge in inflows highlights a renewed optimism in the digital asset market, despite recent market pressures and ambiguous signals from the Federal Reserve.
Leading the inflows, Fidelity’s ETF (BATS:FBTC) recorded an impressive daily inflow of $50.623 million, followed by BlackRock’s ETF (NASDAQ:IBIT) with $15.5789 million, according to data from SoSo Value.
Grayscale’s ETF (OTC:GBTC) saw no net outflow or inflow, remaining static for the day.
According to QCP Capital, recent CPI numbers sparked a breakout in risk assets, with US equities hitting new all-time highs and Bitcoin surging to $70,000 before settling back to $67,300.
This positive movement in Bitcoin (CRYPTO: BTC) spot ETFs comes at a time when the market is pricing in two potential rate cuts in 2024, with interest-rate futures indicating ...