HODL

Bitcoin

Reserve

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>U.S. spot Bitcoin ETFs see a return to net inflows with an investment of $101 million.</li> 
 <li>Fidelity’s FBTC led the inflows, followed by BlackRock’s IBIT and Bitwise’s BITB.</li> 
</ul> 
<p> The 11 spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> exchange-traded funds (ETFs) in the U.S. saw a resurgence of net inflows on Wednesday, with a total investment of $100.9 million. </p> 
<p>This comes after the ETFs experienced net outflows at the beginning of the week, breaking their 19-day streak of consistent inflows. </p> 
<h2 id="leading-inflows">Leading Inflows</h2> 
<p>Fidelity’s FBTC led the inflows, attracting $51 million. It was followed by BlackRock’s IBIT and Bitwise’s BITB, which received $16 million and $15 million respectively. </p> 
<p>VanEck’s HODL and Ark Invest’s ARKB also saw net inflows of $12 million and $9 million respectively. </p> 
<h2 id="other-etfs">Other ETFs</h2> 
<p>Grayscale’s GBTC, which has primarily reported net outflows since its conversion in January, reported no inflows. This was also the case for funds from WisdomTree, Invesco, and others. </p> 
<p>Since their launch, the 11 Bitcoin ETFs have attracted a total of $15.52 billion in net inflows. </p> 
<p>Wednesday’s inflows coincided with the release of key economic data from the U.S. economy. The U.S. consumer price index from the Labor Department reported no increase in May, potentially indicating slowing inflation. </p> 
<p>Despite this, the Federal Open Market Committee decided to maintain the current interest rate of 5.25% to 5.50% after a Wednesday meeting, instead of implementing a rate cut. The Federal Reserve has projected only one rate cut in 2024, as it does not believe the deflationary trend has settled. </p> 
<p>The price of Bitcoin increased slightly by 0.14% in the past 24 hours to $67,647.</p>

Bitcoin ETFs in the US Witness $101 Million Resurgence, Marking Return of Net Inflows

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