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Spot Bitcoin ETFs absorbed 4.2 billion in net inflows from registered investment advisors and wirehouse platforms during the second quarter, according to ETF.com flow data compiled by CoinBatmi.
BlackRock's IBIT led the advisor uptake with 2.1 billion in Q2 net creations, followed by Fidelity's FBTC at 1.3 billion. Grayscale's GBTC, which converted from a trust in January, saw 420 million in advisor-channel inflows despite continued net redemptions overall.
The advisor channel now accounts for roughly 24% of combined spot Bitcoin ETF assets, up from 8% at the start of the year.
Bitcoin traded at 63,431 on Thursday, down 0.7% in 24 hours and 1.6% over the past week, CoinGecko data shows. The price decline coincided with the advisor inflow surge, suggesting managed portfolios are buying on weakness rather than chasing momentum.
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$BTC #BTC #ETF #CryptoNews
Spot Bitcoin ETFs absorbed 4.2 billion in net inflows from registered investment advisors and wirehouse platforms during the second quarter, according to ETF.com flow data compiled by CoinBatmi.
BlackRock's IBIT led the advisor uptake with 2.1 billion in Q2 net creations, followed by Fidelity's FBTC at 1.3 billion. Grayscale's GBTC, which converted from a trust in January, saw 420 million in advisor-channel inflows despite continued net redemptions overall.
The advisor channel now accounts for roughly 24% of combined spot Bitcoin ETF assets, up from 8% at the start of the year.
Bitcoin traded at 63,431 on Thursday, down 0.7% in 24 hours and 1.6% over the past week, CoinGecko data shows. The price decline coincided with the advisor inflow surge, suggesting managed portfolios are buying on weakness rather than chasing momentum.
Optional, max 70 chars, specific to story (level, timeline, consequence). No generic engagement bai…
$BTC #BTC #ETF #CryptoNews