Spot bitcoin ETFs see $887 million in daily net inflows, the second highest so far
U.S. spot Bitcoin ETFs experienced their second highest daily net inflows on June 4, amounting to $886.75 million.The largest contributions to the inflows came from Fidelity’s FBTC with $379 million, followed by BlackRock’s IBIT with $274 million.This marks sixteen consecutive days of net inflows for U.S. Bitcoin ETFs.
U.S. spot bitcoin exchange-traded funds recorded their second highest daily net inflows since listing, drawing in $886.75 million worth of funds on June 4. The highest record for daily net inflows from spot bitcoin funds is from March 12, where the funds saw inflows of $1.05 billion.
Tuesday’s largest net inflows came from Fidelity’s FBTC, which added $379 million. BlackRock’s IBIT followed with net inflows of $274 million according to data from SoSoValue.
Ark Invest and 21Shares’ ARKB saw inflows of $139 million, and Bitwise’s BITB also recorded $61 million worth of inflows. Grayscale’s GBTC drew in $28 million, which is its third largest net inflows since its conversion. VanEck and Valkyrie’s ETFs also made single-digit net inflows.
With Tuesday’s inflows, the 11 spot bitcoin ETFs marked their 16th consecutive day of net inflows, which is only a day behind the longest positive flow streak the funds recorded in January to mid February.
The spot bitcoin ETFs have accumulated a total net inflow of $14.57 billion since their inception. Meanwhile, the total volume of flows in the U.S. spot bitcoin ETFs remained lower than their peak in March, The Block’s data dashboard showed.
Bitcoin’s value briefly touched above the $71,000 mark during late night Tuesday, changing hands at around $70,800 at the time of publication.
Meanwhile, the U.S. is currently expecting the launch of spot Ethereum ETFs as major issuers have recently submitted the amended registration statements to the Securities and Exchange Commission. Analysts at K33 Research estimated that the spot ether funds may attract $3.1 billion to $4.8 billion in net inflows over the first five months of trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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