Bitcoin ETFs see significant inflows despite market fluctuations

The U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) witnessed an influx of $131 million on June 7, marking 19 consecutive days of positive inflows. 

This occurred even as the ARK 21Shares Bitcoin ETF (ARKB) saw net outflows totaling 1,364 valued at about $96.84 million, leaving its total holdings at 48,939 BTC, or $3.47 billion.

According to Lookonchain, a notable 3,689 BTC, equivalent to $261.91 million, was added across nine different ETFs on June 7.

The influx was primarily driven by BlackRock, which added 4,896 BTC worth $347.61 million to its holdings, bringing its total to an impressive 302,540 BTC valued at $21.48 billion.

Over the course of seven days, BlackRock enjoyed the best performance of all Bitcoin ETFs, registering a net inflow of 13,482 BTC in the period.

Fidelity Wise Origin Bitcoin Fund (FBTC) came in second. It managed to pull in 9,729 BTC with a market value of more than $671 million.

In third place was ARKB. Despite yesterday’s decrease, it still managed a seven-day net inflow of 1,764 BTC worth an estimated $121 million.