Bitcoin ETF · Bitcoin · CoinDesk
The U.S.-listed bitcoin BTC $ 64,115.31 exchange-traded funds (ETFs) are back in demand
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◎ Multiple-sources
The spot ETFs pulled in $75.67 million in investor money in the week ended June 17, following a more robust $197.40 million in the preceding trading week, according to data source SoSoValue.
Key facts
- The spot ETFs pulled in $75.67 million in investor money in the week ended June 17, following a more robust $197.40 million in the preceding trading week, according to data source SoSoValue
- CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B
- Bitcoin's price too has stabilized between $64,000 and $65,000 lately, offering hope that a bottom
- The hype surrounding this $273 million inflow quickly evaporates when compared to the carnage of the preceding eight weeks
Summary
U.S.-listed spot bitcoin ETFs have seen $273 million in inflows over the past two weeks, breaking an eight-week streak of outflows that totaled more than $8 billion. Analysts say the recent inflows suggest an improvement in ETF flow dynamics. The scale is still too small to confirm a strong return of institutional demand. The U.S.-listed bitcoin BTC $ 64,115.31 exchange-traded funds (ETFs) are back in demand, spurring optimism among the crypto community.