BlackRock Bitcoin ETF Sees $83M Inflows, IBIT Leads Spot ETFs' Highest Daily Inflow

Jun 30, 2024, 02:32 PM

The BlackRock Bitcoin ETF has experienced a significant resurgence, with $83 million in inflows on June 28, marking a notable recovery after a period of zero flows. This positive shift began on June 25, following a challenging week of consistent net outflows across nearly all funds. Additionally, the broader market for spot Bitcoin ETFs has seen a daily net inflow of $73 million, with BlackRock’s IBIT leading the recovery. This indicates renewed investor interest and marks the highest daily inflow in two weeks. This resurgence in Bitcoin ETF inflows comes as Bitcoin historically sees strong recoveries in July, with an average gain of 7.42% after a June downtrend.