US Bitcoin ETFs Record $1 Billion Weekly Inflows Amid Price Decline
Spot Bitcoin ETFs in the US have seen renewed investor interest, marking a notable moment in a generally uncertain crypto market.
Spot Bitcoin ETFs Performance
- US spot Bitcoin ETFs recorded a total net inflow of $6.37 million on June 20, continuing a trend of nine consecutive days of positive capital influx.
- This brings the weekly record for US-based Bitcoin ETFs above $1 billion, despite being lower than the previous week's $1.39 billion.
- BlackRock’s iShares Bitcoin Trust (IBIT) led with a net inflow of $46.91 million, while Fidelity Wise Origin Bitcoin Fund (FBTC) experienced a net outflow of $40.55 million.
Bitcoin Price Decline
- Despite ETF performance, BTC's price struggles, falling below $101,500 amid bearish pressure.
- The current price is approximately $101,484, reflecting a nearly 2% decline in 24 hours and about 4% over the past week.
