
Bitcoin ETFs have experienced significant activity recently, with $1.8 billion in inflows last week, contributing to a five-week total of $4.3 billion. Spot Bitcoin ETFs now hold over $70 billion in Bitcoin, representing 5% of the total supply. Over 534 entities managing assets exceeding $1 billion have incorporated Bitcoin ETFs into their portfolios. Despite this, Bitcoin's price has been volatile, currently below $70,000. Ethereum also saw notable inflows, with $69 million last week, its best performance since March. Additionally, 26,000 BTC were purchased last week. BlackRock added 2,437 BTC, while Grayscale decreased its holdings by 545 BTC. ETP trading volumes for the week increased by 55% to $12.8 billion. However, the market is now focused on upcoming economic events, including the Federal Reserve's interest rate decision and the release of May's CPI inflation data, which are expected to bring volatility.



























Happy FOMC + CPI Day to those who Celebrate! 🥳 The last time we had CPI and FOMC on the same day was in June 2020.
At the close on 11 June, US Bitcoin ETFs held $61.35bn in total AUM compared to US Gold ETFs at $103.76bn. US Bitcoin ETFs stands at 59.1% of US Gold ETFs size, down 1.75% WoW. 📉 The ETFs see a net outflow of $208m before the CPI/FOMC event, ending the 19-day net inflow… https://t.co/Gjxaw3Pbds
NEW: 🇺🇸Top 80 holders of the #Bitcoin ETFs as per SEC fillings. Institutions are here 🙌 https://t.co/WdVmUQV4Ty