WisdomTree BTCW Attracts Fresh Cash Amid Bitcoin Slump

WisdomTree's Bitcoin Fund (BTCW) has seen fresh inflows of nearly $1 million in cash despite the recent slump in Bitcoin prices. The fund recorded inflows of $980,040 on June 11, with its assets under management now standing at $143.49 million. This latest allocation represents about 0.68% of the fund's AUM.

The BTCW inflows come as Bitcoin has dropped roughly 10.89% over the past three months, highlighting a cautious tone in crypto markets. However, ETF investors appear willing to buy into the dip, signaling a modest but clear vote of confidence.