#NODEBinanceTGE More than $2.2 billion entered Bitcoin ETFs this week.
$BTC ✨✨✨✨✨✨💲
The exchange-traded fund (ETF) sector for Bitcoin in the United States continues to attract massive volumes of capital from Wall Street. This week, these products recorded outstanding inflows on each trading day, reflecting the positive sentiment from investors.
According to data from the Trading Different portal, between June 23 and 27, these funds accumulated a total of $2,214.8 million. It was an almost perfect week, in which only two funds experienced outflows on specific days: Fidelity's FBTC and Grayscale's GBTC.
In the case of Fidelity's fund, outflows of $40.5 million were reported on Monday. However, this was more than compensated by the inflows over the next four days, where it accumulated $504.5 million. On the other hand, GBTC registered outflows of just $5.7 million on Tuesday, while the rest of the week remained without significant variations.
The strong capital flow towards spot Bitcoin ETFs reflects the growing interest from large institutional portfolios. In particular, it demonstrates Wall Street's confidence in the future price of the leading crypto asset.