Bitcoin ETF with second consecutive day of positive inflows
The latest data from Farside shows a revival in the spot Bitcoin exchange-traded fund (ETF) sector with inflows of $21.4 million on June 26, marking the second straight day of inflows.
Fidelity's FBTC led the way with inflows of $18.6 million, while Grayscale's GBTC saw inflows of just $4.3 million and VanEck's HODL $3.4 million.
This is quite positive news, considering that during the week beginning June 17 and ending June 21, the US Bitcoin ETF registered outflow of $544.1 million.
However, the outflow streak did not stop there as on June 24, the products witnessed a total outflow of $174.5 million.
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The price of Bitcoin is likely to remain at its current levels judging by historyThis trend could suggest that BTC is stabilizing around the $60,000 mark, which could potentially signal the end of the current correction at Bitcoin .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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