US Bitcoin ETFs Hit 9 Days Inflow Streak Despite Price Struggles
Summary
Spot Bitcoin ETFs have gained significant investor interest in the U.S., marking a positive trend amid broader market uncertainty. The U.S. spot Bitcoin ETF market recorded a net inflow of $6.37 million on June 20, achieving nine consecutive days of positive capital influx. BlackRock’s iShares Bitcoin Trust (IBIT) led with a net inflow of $46.91 million, while Fidelity's Wise Origin Bitcoin Fund (FBTC) experienced a net outflow of $40.55 million. The weekly total for U.S. Bitcoin ETFs surpassed $1 billion, although this is lower than the previous week's $1.39 billion. Despite the ETFs' strong performance, Bitcoin's price fell below $101,500, reflecting a nearly 2% decline in 24 hours and a 4% drop over the past week.
