The biggest contribution of the day came from BlackRock’s IBIT (iShares Bitcoin Trust) fund. IBIT recorded the highest inflow with $164 million. Fidelity’s FBTC fund followed with $32.85 million in second place. Bitwise, VanEck, and Ark 21Shares also contributed to this upward trend. 

• FBTC (Fidelity): $32.85M inflow – Total net inflow $11.80B
  ARKB (Ark & 21Shares): $1.79M inflow – Total net inflow $2.39B
  BTC (WisdomTree): $1.44M inflow
  GBTC (Grayscale): $0 inflow – Continuing negative trend with a total net outflow of -$23.25B 

In total, the net asset value of Spot Bitcoin ETFs has reached $133.5 billion, which corresponds to approximately 6.23% of Bitcoin’s total market capitalization.

On the other hand, Spot Ethereum ETFs experienced a net outflow of $26.46 million on June 26. This outflow may indicate some investors taking short-term profits. Since there is no fully approved ETF market yet on the Ethereum side, such fluctuations are common. 

• ETHE (Grayscale): -$27.45M outflow – Total net outflow -$4.30B
  ETH (Grayscale): -$12.39M outflow – Total net inflow $738.32M
  ETHA (BlackRock): +$5.89M inflow – Total net inflow $5.47B
  FETH (Fidelity): +$4.87M inflow – Total net inflow $1.62B 

In conclusion, June 26 data indicates strengthened investor confidence in Bitcoin, while investors remain cautious about Ethereum. 

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The post Spot Bitcoin ETFs See $228M Inflow, Ethereum ETFs Face Outflows appeared first on Coin Engineer.