Bitcoin ETF Roundup June 4: Products Record Second Highest Single-Day Inflow at $887M

Spot Bitcoin exchange-traded funds (ETFs) have continued their positive inflow streak, recording their second-largest single-day inflow on Tuesday, June 4, at $887 million.  This comes as the products witnessed 16 consecutive days of inflow since last month. Before the most recent trading day, they saw a $105 million inflow, precisely on June 3.

Inflow on June 4

On June 4, Fidelity Wise Origin Bitcoin Fund (FBTC) led the charge among the financial products, recording a net inflow of $379 million. Following Fidelity is BlackRock iShares Bitcoin Trust (IBIT) with $274 million and ARK 21Shares Bitcoin ETF (ARKB) with $139 million. 

Other products with net inflows are Bitwise Bitcoin ETF (BITB) with $61 million, Grayscale Bitcoin Trust (GBTC) with $28 million, VanEck Bitcoin Trust (HODL) with $4 million, and Valkyrie Bitcoin Fund (BRRR) with $2 million. Invesco/Galaxy (BTCO), Franklin Bitcoin ETF (EZBC), WisdomTree Bitcoin Fund (BTCW), and Hashdex Bitcoin ETF (DEFI) saw no outflows or inflows.

$14.85B in Cumulative Inflow 

With the latest inflow, spot Bitcoin ETFs have now recorded a cumulative net inflow of $14.85 billion since they started trading on January 11.

The continued inflow into spot Bitcoin ETFs highlights a growing interest and demand for the financial product by institutional investors. Spot Bitcoin ETFs offer investors a regulated and easier way to gain exposure to BTC. 

Thanks to the continuous inflows into these products, BTC’s price has been on an upward trajectory over the past month. Data from CoinGecko shows that the world’s largest cryptocurrency has risen by 10% since last month. 

At the time of writing this line, BTC trades at $70,892, representing a 4.3% surge over the past week and a 2.7% rise in the past 24 hours.