The US-based Bitcoin exchange-traded funds (ETFs) have experienced a favorable trajectory, while the rate of capital inflows has decelerated, indicating a waning enthusiasm among investors for Bitcoin (BTC).
On Thursday, the 11 ETFs experienced a net inflow of $11.80 million, which was lower than the $31 million inflow observed on Tuesday. Nevertheless, these exchange-traded funds (ETFs) have exhibited strong performance overall.
Bitwise’s BITB has garnered $8 million in investments, while Fidelity’s FBTC has attracted roughly $7 million. Franklin Templeton’s Exchange-Traded Fund (ETF) experienced a significant increase in daily net inflow, reaching its highest level since mid-May, with a total of $3.6 million.
Invesco and Galaxy Digital’s BTCO accumulated a total of $3 million, while Ark Invest and 21Shares’ ARKB generated $1.84 million in revenue. Grayscale’s GBTC experienced net outflows, resulting in a loss of $11.5 million. BlackRock’s IBIT remained unchanged for the fifth consecutive day, with a significant trading volume of $520 million.
VanEck submitted an application for a Solana Exchange-Traded Fund (ETF) on the same day, resulting in a roughly 10% increase in the price of the Solana token. The aggregate daily trading volume for the 11 Bitcoin ETFs on Thursday amounted to around $920 million, which represents a significant decrease from the highest point reached in March, surpassing $10 billion.
