"Continuous Institutional Buying"... Frontrunner 'BlackRock'
Bitcoin (BTC) spot ETF has recorded net inflows for two consecutive weeks amid unchanged institutional buying.According to a report released by financial data platform Soso Value on the 28th, the US Bitcoin spot ETF recorded approximately $2.2 billion (about 2.9825 trillion won) in net inflows during the fourth week of June, continuing its net inflow trend for two weeks.
The cumulative net inflows of US Bitcoin spot ETFs over the past three weeks reached $4.63 billion (about 6.2797 trillion won).
BlackRock is leading the net inflow. Over the past two weeks, BlackRock's 'IBIT' recorded net inflows of about $1.31 billion (about 1.7778 trillion won). Fidelity's 'FBTC' and ARK Invest's 'ARKB' achieved net inflows of approximately $504.4 million (about 684.4 billion won) and $268.14 million (about 363.8 billion won), respectively.
The net inflow of US Bitcoin spot ETFs continued even as the asset market was exposed to significant volatility due to escalating and easing tensions in the Middle East region.
Reporter Kwon Seung-won ksw@blockstreet.co.kr