ETFs appeared to be recovering. As of the latest update, on the 28th of June, BTC ETFs recorded a net inflow of $73 million.Leading the pack was BlackRock’s iShares Bitcoin Trust with $82.4 million in inflows. In contrast, Grayscale Bitcoin Trust saw outflows of $27.2 million, followed by Fidelity’s FBTC with $25 million in outflows.This was quite the opposite of what happened on the 26th of June when FBTC and GBTC were the only ones to record inflows, with $18.6 million and $4.
This highlighted that Schiff’s analysis of the underperformance of Bitcoin ETFs lacked proper evidence.
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