TLDR
- U.S. spot Bitcoin ETFs experienced their second highest daily net inflows on June 4, amounting to $886.75 million.
- Fidelity’s FBTC led the inflows with $379 million, followed by BlackRock’s IBIT with $274 million and Ark Invest and 21Shares’ ARKB with $139 million.
- This marks sixteen consecutive days of net inflows for U.S. Bitcoin ETFs, just one day behind the longest positive flow streak recorded in January to mid-February.
- The spot Bitcoin ETFs have accumulated a total net inflow of $14.57 billion since their inception, with BlackRock’s IBIT crossing $20 billion in assets under management.
- Analysts expect the upcoming spot Ethereum ETFs to attract $3.1 billion to $4.8 billion in net inflows over the first five months of trading.
U.S. spot Bitcoin exchange-traded funds (ETFs) have demonstrated their resilience and growing popularity, as evidenced by the second highest daily net inflows recorded on June 4, amounting to $886.75 million.
This impressive figure comes just shy of the record-breaking $1.05 billion in daily net inflows seen on March 12.
Leading the charge was Fidelity’s FBTC, which saw inflows of $379 million, closely followed by BlackRock’s IBIT with $274 million. Ark Invest and 21Shares’ ARKB also made a significant contribution, recording inflows of $139 million.
Other notable performers included Bitwise’s BITB with $61 million and Grayscale’s GBTC with $28 million, marking its third largest net inflows since its conversion from a closed-end fund to a spot ETF.
This latest surge in inflows marks the 16th consecutive day of positive flows for U.S. Bitcoin ETFs, nearly matching the longest streak recorded in January to mid-February.
The persistent demand for these investment vehicles highlights the growing acceptance and interest in cryptocurrencies among institutional and retail investors alike.
Since their inception, the 11 spot Bitcoin ETFs have collectively amassed a staggering $14.57 billion in total net inflows.
This influx of capital has propelled BlackRock’s IBIT to surpass the $20 billion milestone in assets under management, solidifying its position as a leading player in the Bitcoin ETF market.
The strong performance of spot Bitcoin ETFs comes as the cryptocurrency market experiences a resurgence, with Bitcoin briefly touching above the $71,000 mark during late night Tuesday.
This price action, coupled with the consistent inflows, suggests a growing confidence in the long-term potential of Bitcoin as an investment asset.
Looking ahead, the U.S. market is eagerly anticipating the launch of spot Ethereum ETFs, as major issuers have recently submitted amended registration statements to the Securities and Exchange Commission.
Analysts at K33 Research estimate that these spot Ether funds could attract between $3.1 billion and $4.8 billion in net inflows over the first five months of trading, further cementing the role of cryptocurrencies in the mainstream financial landscape.
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