The U.S. spot Bitcoin (BTC) exchange-traded fund (ETF) recorded inflows of $131 million on June 7, recording positive inflows for the 19th consecutive day.
This also occurred as the ARK 21Shares Bitcoin ETF (ARKB) experienced a total net outflow of 1,364 units worth approximately $96.84 million, bringing its total holdings to 48,939 BTC, or $3.47 billion.
According to Lookonchain, a notable 3,689 BTC worth $261.91 million was added to nine different ETFs on June 7.
These inflows were 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 worth $21.48 billion.
These inflows signal strong investor confidence in products from BlackRock and Fidelity, particularly those that overshadowed outflows from ARK 21Shares. The Valkyrie Bitcoin Fund (BRRR) remained Neutral on July 7, while the Franklin Bitcoin ETF (EZBC) also had a net flow of zero.
Over a 7-day period, BlackRock was the best performer among all Bitcoin ETFs, recording net inflows of 13,482 BTC during the period.
Fidelity Wise Origin Bitcoin Fund (FBTC) took second place. It attracted 9,729 BTC with a market cap of over $671 million.
Third place was ARKB. Despite yesterday’s decline, it still managed a seven-day net inflow of 1,764 BTC worth approximately $121 million.
Other ETFs, including VanEck Bitcoin Trust ETF (HODL) and Valkyrie Bitcoin Fund, contributed smaller amounts, with weekly net inflows of $7.7 million and $1.5 million, respectively.
This week’s actions include:
- BlackRock remains the largest BTC ETF with over $21 billion worth of Bitcoin.
- Grayscale followed with 285,651 BTC, worth about $19.7 billion.
- Fidelity’s Bitcoin holdings are worth nearly $12 billion.
Since the introduction of Bitcoin ETFs in the United States last January, the fund’s total BTC holdings now exceed 880,000 BTC, worth more than $62 billion.
Despite these ETF inflows, the price of Bitcoin has been relatively stable over the past day, hovering between $68,856 and $69,544, according to data from CoinGecko.
As you can see in the chart above, BTC has fallen slightly by 0.9% over the past 24 hours to trade at $69,465, giving it a market capitalization of $1.36 trillion. Market dominance is approximately 51.1%.
Bitcoin’s slight decline was further driven by a larger drop in daily trading volume, down 34.81% to $20.9 billion.