The U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) saw an influx of $131 million on June 7, marking 19 consecutive days of positive inflows. Despite this, the ARK 21Shares Bitcoin ETF (ARKB) experienced net outflows totaling 1,364 BTC, valued at approximately $96.84 million, leaving its total holdings at 48,939 BTC, or $3.47 billion.

A notable addition of 3,689 BTC, equivalent to $261.91 million, was made across nine different ETFs on June 7. This influx was primarily driven by BlackRock, which added 4,896 BTC worth $347.61 million to its holdings, bringing its total to 302,540 BTC valued at $21.48 billion.

Jun 7 Update: 9 ETFs added 3,689 BTC (+$261.91M). BlackRock added 4,896 BTC (+$347.61M) and currently holds 302,540 BTC ($21.48B). ARK21Shares decreased 1,364 BTC (-$96.84M) and currently holds 48,939 BTC ($3.47B).

These inflows reflect strong investor confidence, particularly in BlackRock’s and Fidelity’s products, which overshadowed the outflow from ARK 21Shares. The Valkyrie Bitcoin Fund (BRRR) remained neutral on June 7, while the Franklin Bitcoin ETF (EZBC) also recorded zero net flows.

Over the seven-day period, BlackRock enjoyed the best performance among all Bitcoin ETFs, registering a net inflow of 13,482 BTC. Fidelity Wise Origin Bitcoin Fund (FBTC) came in second, pulling in 9,729 BTC with a market value of more than $671 million. In third place was ARKB, which managed a seven-day net inflow of 1,764 BTC worth an estimated $121 million, despite the recent decrease.

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.

Following the week’s action:

  • BlackRock remains the largest BTC ETF with over $21 billion worth of Bitcoins.
  • Grayscale follows with 285,651 BTC valued at about $19.7 billion.
  • Fidelity’s Bitcoin holdings are worth nearly $12 billion.

Since the introduction of Bitcoin ETFs in the U.S. in January, these funds’ total BTC holdings now exceed 880,000 BTC, worth upwards of $62 billion.

Despite these ETF inflows, Bitcoin’s price has been relatively stable, fluctuating between $68,856 and $69,544 over the past day. BTC has seen a minor decline of 0.9% in the past 24 hours, trading at $69,465, with a market cap of $1.36 trillion and a market dominance of roughly 51.1%. Bitcoin’s slight price decline was accompanied by a more significant dip in its daily trading volume, which dropped by 34.81% to reach $20.9 billion.

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