Bitcoin ETFs See Significant Inflows Amid Economic Uncertainty

CoinMarketCap06-13

In a notable shift, U.S. spot Bitcoin exchange-traded funds (ETFs) resumed net inflows on Wednesday, drawing in a substantial $100.9 million after experiencing net outflows earlier in the week. This ...

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This ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/666a8992e25ae37187eda090/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4594","symbol_name":"比特币ETF概念","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/666a8992e25ae37187eda090/","article_id":"2443521607","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/7100ab0a3bc447ab94069b5ed6816ac2.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2443521607","pubTimestamp":1718258062,"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"In a notable shift, U.S. spot Bitcoin exchange-traded funds (ETFs) resumed net inflows on Wednesday, drawing in a substantial $100.9 million after experiencing net outflows earlier in the wee","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","FOMC":"FOMO CORP.","FDN":"First Trust Dow Jones Internet I","BITB":"Bitwise Bitcoin ETF","BK4077":"互动媒体与服务","BK4588":"碎股","BK4550":"红杉资本持仓","EZBC":"Franklin Bitcoin ETF","CPI":"IQ Real Return ETF","DEFI":"Hashdex Bitcoin ETF","BITO":"ProShares Bitcoin Strategy ETF ","GBTC":"Grayscale Bitcoin Trust","FBTC":"Fidelity Wise Origin Bitcoin Fund","BTCO":"Invesco Galaxy Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF","BTCW":"WisdomTree Bitcoin Fund","BRRR":"Valkyrie Bitcoin Fund","IBIT":"iShares Bitcoin Trust"},"translate_title":"比特币ETF在经济不确定性中出现大量资金流入","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCO":1,"IBIT":1,"HODL":1,"GBTC":1,"FOMC":1,"FBTC":1,"EZBC":1,"DEFI":1,"CPI":1,"BTCW":1,"BITB":1,"BRRR":1,"BITO":1,"FDN":0.9},"content_text":"In a notable shift, U.S. spot Bitcoin exchange-traded funds (ETFs) resumed net inflows on Wednesday, drawing in a substantial $100.9 million after experiencing net outflows earlier in the week. This resurgence in investment marks a continuation of interest in Bitcoin ETFs, which had previously sustained a record 19-day streak of inflows before encountering two consecutive days of net outflows on Monday and Tuesday.\nLeading the Charge: Fidelity’s FBTC\nFidelity’s FBTC ETF led Wednesday’s inflows with an impressive $51 million. This significant investment underscores Fidelity’s strong position in the Bitcoin ETF market, attracting considerable interest from investors seeking exposure to the leading cryptocurrency. \nFollowing closely, BlackRock’s IBIT ETF saw inflows of $16 million, demonstrating the ongoing confidence in BlackRock’s offering in the crypto space.\nOther Major Inflows in Spot Bitcoin ETFs\nOther prominent players also experienced notable inflows. Bitwise’s BITB ETF recorded $15 million in net inflows, while VanEck’s HODL ETF added $12 million. Additionally, Ark Invest’s ARKB ETF gained $9 million, further indicating robust investor appetite across a range of Bitcoin ETF products.\nGrayscale and Others: A Quiet Day\nConversely, Grayscale’s GBTC, which has predominantly seen net outflows since its conversion in January, reported zero flows on Wednesday. This stagnation was mirrored by funds from WisdomTree, Invesco, and several others, highlighting a varied landscape where not all funds are experiencing the same levels of investor enthusiasm.\nSince their inception, the collective 11 Bitcoin ETFs have amassed total net inflows of $15.52 billion, reflecting the substantial capital that has flowed into these investment vehicles. This cumulative figure underscores the growing acceptance and adoption of Bitcoin ETFs as a means for traditional investors to gain exposure to the digital asset market.\nBitcoin and US CPI Data\nWednesday’s inflows coincided with the release of key economic data from the U.S. economy, influencing market sentiment. The U.S. Labor Department’s Consumer Price Index (CPI) reported no increase in May, suggesting a potential easing of inflation pressures. This data point is critical as it may indicate a slowing inflation trend, which has been a focal point for economic policy makers.\nDespite the absence of inflation growth, the Federal Open Market Committee (FOMC) decided to maintain the current interest rate range of 5.25% to 5.50% following their meeting on Wednesday. \nThe Federal Reserve emphasized that it anticipates only one rate cut in 2024, as it remains cautious about declaring the deflationary trend as fully established. This conservative stance by the Federal Reserve reflects ongoing concerns about the stability of economic recovery and inflation control.\nThe post Bitcoin ETFs See Significant Inflows Amid Economic Uncertainty appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443521607"}