On June 7, U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) saw an influx of $131 million, marking 19 days of continuous positive inflows. BlackRock led the charge, adding 4,896 BTC worth $347.61 million, bringing its total to 302,540 BTC valued at $21.48 billion.
In the past week, BlackRock recorded a net inflow of 13,482 BTC, outperforming other ETFs. Fidelity Wise Origin Bitcoin Fund came in second with 9,729 BTC worth over $671 million, followed by ARKB with 1,764 BTC worth $121 million.
Since their introduction in January, U.S. Bitcoin ETFs now hold over 880,000 BTC, valued at over $62 billion. Despite these inflows, Bitcoin’s price has fluctuated between $68,856 and $69,544, with a slight 0.9% decline in the past 24 hours.
The strategic accumulation of Bitcoin by ETFs underscores their growing role in the crypto market’s stability and long-term growth potential.
