Spot bitcoin ETFs in US see $488 million in daily net inflows, matching longest positive streak
U.S. spot bitcoin exchange-traded funds saw $488 million in total daily net inflows on June 5.This marked the 17th consecutive day of net inflows for these funds, equaling the longest streak of positive flows seen earlier in the year.
U.S. spot bitcoin exchange-traded funds recorded total daily net inflows of $488.24 million on Wednesday, with all 11 funds posting either net inflows or zero flows, following the second-highest daily net inflows recorded on Tuesday.
Fidelity’s FBTC led the net inflows, drawing in $221 million on Wednesday, according to data from SosoValue. BlackRock’s IBIT recorded the second-largest net inflows among the funds, adding $155 million.
Ark Invest and 21Shares’ ARKB brought in $71 million, while Bitwise’s BITB saw daily net inflows of $19 million. Grayscale’s GBTC logged net inflows of $15 million, marking its second consecutive day of net inflows. VanEck’s fund posted $4 million in net inflows, and Invesco and Galaxy Digital’s fund also drew in $4 million.
This marked the 17th consecutive day for the 11 spot bitcoin ETFs to post daily net inflows, matching the longest positive flow streak recorded in January and February.
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The total trading volume of the 11 products amounted to $2.09 billion on Wednesday, compared to $2.78 billion on Tuesday and $1.78 billion on Monday.
Bitcoin BTC -0.047% traded flat at around $70,900 at the time of writing, according to The Block’s price page .
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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