Notes

BlackRock and Fidelity at Forefront in Bitcoin ETFs, Contrary to ARK 21Shares Faces Declines.
As noted on Coinatory, current statistics has indicated remarkable inflows into U.S. Bitcoin ETFs, with an influx of $131 million on June 7 signifying a 19-day run of positive net flows. Despite this overall trend, the ARK 21Shares Bitcoin ETF (ARKB) experienced notable outflows totaling 1,364 BTC, or approximately $96.84 million, reducing its holdings to 48,939 BTC, worth roughly $3.47 billion.


On June 7 alone, Lookonchain data indicated that nine different Bitcoin ETFs collectively received an additional 3,689 BTC, valued at $261.91 million. This surge was largely propelled by BlackRock, which injected 4,896 BTC, valued at $347.61 million, into its Bitcoin ETF, substantially boosting its total holdings to 302,540 BTC, worth an noteworthy $21.48 billion. This substantial inflow highlights growing investor trust, particularly in products from BlackRock and Fidelity, even as ARK 21Shares saw outflows.

Contrasting the surge to BlackRock's Bitcoin ETF, the ARK 21Shares Bitcoin ETF (ARKB) experienced significant outflows. This divergence highlights the varying investor attitude across different funds and suggests a preference for ETFs with a more established track record or bigger market presence. In contrast, the Valkyrie Bitcoin Fund (BRRR) and the Franklin Bitcoin ETF (EZBC) both showed zero net flows on the same date, suggesting a more cautious or neutral approach from investors towards these products.

In the week preceding June 7, BlackRock's BTC ETF became a performance leader, recording a net inflow of 13,482 BTC. Fidelity's Wise Origin Bitcoin Fund (FBTC) came next, securing 9,729 BTC, valued at over $671 million. The ARK 21Shares Bitcoin ETF (ARKB) secured the third position with a seven-day net inflow of 1,764 BTC, estimated at $121 million. By contrast, VanEck Bitcoin Trust ETF (HODL) and Valkyrie Bitcoin Fund saw smaller weekly net inflows of $7.7 million and $1.5 million, respectively, highlighting a larger range of investor preferences across various Bitcoin ETF products.

By the end of the week, BlackRock held its status as the largest Bitcoin ETF with holdings surpassing $21 billion. Coming after BlackRock, Grayscale held 285,651 BTC, valued at approximately $19.7 billion, while Fidelity's holdings approached nearly $12 billion. These statistics indicate the major position of BlackRock in the Bitcoin ETF market, with significant holdings also by Grayscale and Fidelity.

Since their launch in January, U.S. Bitcoin ETFs have collectively controlled over 880,000 BTC, valued at more than $62 billion. This substantial growth in assets under management reflects a growing acceptance and institutional investment in Bitcoin through ETFs. In spite of these significant inflows, Bitcoin's price displayed relative stability, fluctuating between $68,856 and $69,544 within a 24-hour period, according to CoinGecko data. During this time, BTC experienced a slight decline of 0.9%, trading at $69,465, with a market cap of $1.36 trillion and a market dominance of 51.1%. The price dip was accompanied by a notable 34.81% drop in daily trading volume, which reached $20.9 billion.

schedule a visit , as detailed by Coinatory, the rise in Bitcoin ETF inflows, particularly led by BlackRock, underscores a growing faith among investors in Bitcoin ETFs. This trend differs from the outflows seen from ARK 21Shares and shows a dynamic investment landscape where fund performance and reputation play key roles in attracting capital.

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