![BlackRock discloses further Bitcoin holdings amid 3rd consecutive day of ETF inflows](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/06/blackrock-bitcoin-etf-.jpg&w=70&h=37&q=75)
Quick Take
Farside data shows that the Bitcoin Exchange-Traded Funds (ETFs) experienced a modest inflow of $11.8 million on June 27, marking the third consecutive day of positive inflows. This trend is encouraging as Bitcoin maintains its position slightly above $60,000. The inflows were distributed across five ETF issuers, signaling a potential for continued steady performance into the summer months, although a seasonal slowdown could be anticipated.
Among the major ETF issuers, Fidelity’s FBTC saw an inflow of $6.7 million, followed by Bitwise’s BITB with $8.0 million and ARK’s ARKB with $1.8 million. However, Grayscale’s GBTC experienced an outflow of $11.4 million, bringing its total outflows to $18.5 billion. BlackRock’s IBIT ETF remained unchanged, with no inflows or outflows. The cumulative ETF inflows now total $14.5 billion.
![Bitcoin ETF Flow Table: (Source: Farside)](https://cryptoslate.com/wp-content/uploads/2024/06/ETF-17.png)
In related news, BlackRock’s Global Allocation Fund disclosed that it owned 43,000 shares of the iShares Bitcoin Trust as of April 30, according to a recent disclosure.
MacroScope commented:
“This follows two filings that BlackRock made on May 28 disclosing Bitcoin exposure in its Strategic Global Bond Fund and in its Strategic Income Opportunities Portfolio.”