After experiencing a week of net outflows, spot Bitcoin exchange-traded funds (ETFs) in the United States witnessed a reversal on June 25, with net inflows totaling $31 million, according to data from SoSo Value. This marks a turnaround from the previous seven days, which saw a total of $1.1 billion in outflows from BTC ETFs.
The Fidelity Wise Origin Bitcoin Fund (FBTC) led the way in net inflows on June 25, attracting $49 million. It was followed by the Bitwise Bitcoin ETF (BITB) with $15 million in inflows, and the VanEck Bitcoin Trust ETF (HODL) with net inflows of $4 million. However, the Grayscale Bitcoin Trust (GBTC) experienced net outflows of $30.3 million, while the ARK 21Shares Bitcoin ETF reported $6 million in net outflows.
Notably, the largest fund by assets under management, BlackRock’s iShares Bitcoin Trust ETF (IBIT), did not see any inflows on June 25. The same was true for ETFs from Invesco Galaxy, Valkyrie, and Franklin Templeton.
Since their debut in January, the 11 spot Bitcoin funds have seen net inflows of $14.42 billion as of June 25.
In April, the U.S.-based spot Bitcoin ETFs experienced the highest outflows since then, with total net outflows exceeding $1.2 billion between April 24 and the beginning of May.
Meanwhile, spot Ether ETFs are getting ready for launch after receiving a soft approval from the U.S. Securities and Exchange Commission (SEC) in May. Prospective U.S. issuers are finalizing their registrations, and spot Ether ETFs could potentially begin trading in the U.S. by July 2, according to Bloomberg ETF analyst Eric Balchunas. VanEck recently filed a Form 8-A with the SEC for its spot Ether ETF, bringing it closer to launching.
The price of Bitcoin experienced a slight increase from $61,359 on June 25 to $61,732 at the time of publication, representing a 0.6% rise, according to TradingView data.