tl;dr
The US Spot Bitcoin ETFs experienced their second-highest net inflows day, totaling $887 million, with Fidelity's FBTC leading at $378.7 million, followed closely by BlackRock's IBIT at $275 million. The ARK 21Shares Bitcoin ETF recorded over $138 million in net inflows. This influx marks the highes...
Spot Bitcoin ETFs experienced $900 million in net inflows, marking the second-best day ever.
Fidelity's FBTC led with $378.7 million in inflows, followed by BlackRock's IBIT.
The influx of capital is the highest since March 12, sparking industry reactions.
The US Spot Bitcoin ETFs experienced their second-highest net inflows day, totaling $887 million, with Fidelity's FBTC leading at $378.7 million, followed closely by BlackRock's IBIT at $275 million. The ARK 21Shares Bitcoin ETF recorded over $138 million in net inflows. This influx marks the highest since March 12. Grayscale Bitcoin Trust also saw positive inflows of $28.2 million, sparking industry reactions. Nate Geraci and Bloomberg ETF analyst Eric Balchunas noted the unexpected demand for Bitcoin ETFs, refuting earlier skepticism.
Spot Bitcoin ETFs witnessed the highest inflows since March 12.
The ETFs witnessed $900 million in net inflows.
Fidelity’s FBTC saw the largest inflow with $378.7 million.
The US Spot Bitcoin ETFs experienced their second-best day ever in net inflows, totaling $887 million. The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $378.7 million, followed closely by BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $275 million. The figures were presented by Farside Investors and corroborated by HODL15Capital. The third-highest performer was the ARK 21Shares Bitcoin ETF (ARKB), which recorded over $138 million in net inflows.
✅ FINAL 6/4 U.S. Bitcoin ETF inflows of $887 MILLION.
On the 100th trading day, the ETFs purchased 12,590 #Bitcoin (which is 28 days' supply) 👇 pic.twitter.com/X8dnnh69ZX — HODL15Capital 🇺🇸 (@HODL15Capital) June 5, 2024
This influx of capital marks the highest net inflows for these funds since March 12, when they collectively took in a record $1.04 billion leading to a new all-time high for BTC the following day. The Grayscale Bitcoin Trust (GBTC) also saw a rare day of positive inflows, receiving $28.2 million. This event marked only the seventh time GBTC has experienced net inflows since transitioning from a closed-end fund to a spot ETF in January. The impressive inflow figures have sparked reactions across the industry. Nate Geraci, president of ETF Store, took to X to address Bitcoin critics who had previously doubted the demand for Bitcoin ETFs: “I was told several months ago that all of the ‘degen retail’ investors who wanted to buy had already done so there was nobody left.” Bloomberg ETF analyst Eric Balchunas echoed this sentiment, adding that the “’third wave’ is turning into a tidal wave.
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