Crypto ETFs See Positive Inflows Led by Blackrock
- Bitcoin ETFs gained $10.06 million on June 16, with Blackrock’s IBIT contributing $16.35 million.
- Ether ETFs added $9.59 million, led by Blackrock’s ETHA with a $17.34 million inflow.
- Grayscale’s Bitcoin Mini Trust and Fidelity’s FBTC saw inflows of $4.35 million and $4.28 million, respectively.
- Altcoin ETFs also saw gains, with XRP ETFs drawing $5.30 million through Franklin’s XRPZ.
- Total bitcoin ETF value traded was $1.26 billion, while total net assets closed at $82.06 billion.
The cryptocurrency ETF market experienced a positive shift on June 16, driven by significant inflows into Bitcoin and Ether funds, particularly from Blackrock products like IBIT and ETHA. This trend indicates a broader risk appetite among investors as altcoin ETFs also experienced gains.
Despite Grayscale’s GBTC losing $16 .81 million, the overall positive inflows in the crypto ETF sector suggest renewed investor confidence. <(Source)
