Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Spot bitcoin ETFs see $887 million in daily net inflows, the second highest so far

Spot bitcoin ETFs see $887 million in daily net inflows, the second highest so far

The BlockThe Block2024/06/05 04:31
By:Danny Park

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.

2

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

U.S. Jobless Claims Drop to 217K, Beating Forecasts

U.S. initial jobless claims fall to 217K, below the expected 227K. What it means for the economy and crypto markets.Jobless Claims Surprise with Lower-Than-Expected NumbersWhat This Means for Financial and Crypto MarketsCrypto Traders Should Watch Closely

Coinomedia2025/07/24 23:25
U.S. Jobless Claims Drop to 217K, Beating Forecasts