US BTC-Spot ETF Market Sees Net Inflows on Softer US Inflation Numbers

However, US inflation figures drove buyer demand for riskier assets, with BTC striking a session high of $70,088. The US annual inflation rate softened from 3.4% to 3.3%, with core inflation down from 3.6% to 3.4% in May.

total net inflows into US BTC-spot ETFs amounted to 1,250 shares. This translates to roughly $75.8 million, considering ProShares Bitcoin Strategy ETF (NYSE:BITO) units are priced at $60,600.

The BITO ETF saw net inflows of 1,100 shares, while the Valkyrie Bitcoin Strategy ETF (NYSE:BTF) had net inflows of 150 shares. Meanwhile, the VanEck Bitcoin Strategy ETF (NYSE:XBT) witnessed net outflows of 400 shares.

Amongst the top gainers were BITO shares, which surged by 1.2%, followed by Grayscale Bitcoin Trust (OTC:GBTC) shares, up 0.8%. On the other hand, shares of the Osprey Bitcoin Trust (NYSE:OBTC) fell the most, declining by 1.4%.

institucional demand for US BTC-spot ETFs remained positive on Wednesday, with two out of three ETFs seeing net inflows. The total net inflows were valued at around $75.8 million, indicating a positive outlook for BTC amongst institutional investors.

News source：https://www.kdj.com/cryptocurrencies-news/articles/btcspot-etf-market-net-inflows-softer-inflation.html

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