Bitcoin ETF Market Sees Positive Turn with $28.72M in New Inflows

Bitcoin ETF Market Sees Positive Turn

After another incredibly rough week, Bitcoin ETFs in the U.S. started the new week on a more positive note. Among the 11 funds we monitor, four saw net inflows, while two experienced outflows.

On Monday, a total of $28.72 million flowed into the ETFs according to SoSoValue data, signaling some renewed interest from investors. However, not every fund fared well. BlackRock’s IBIT, which managed to avoid any outflows last week, recorded a $9.06 million outflow on Monday. Meanwhile, Grayscale’s GBTC fund continued its daily pattern of outflows, losing $22.76 million this time.

Fidelity’s FBTC led the inflows with $28.60 million, followed by Bitwise, which saw $21.99 million come in. The ARKB fund also saw positive movement, attracting $6.81 million, while Invesco BTCO added $3.14 million.

Several funds, including VanEck HODL, Valkyrie BRRR, Grayscale BTC, Franklin Templeton’s EZBC, and WisdomTree, did not record any activity for the day.

 

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