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Bitcoin ETFs experience their second-highest daily inflow since March, adding $886.6 million

Exciting news from the world of Bitcoin ETFs in the U.S.! The latest data shows a fantastic second-best-ever joint net inflow day, bringing in a total of $886.6 million.

Leading the pack is the Fidelity Wise Origin Bitcoin Fund (FBTC) with a whopping $378.7 million inflow, closely followed by Blackrock’s Bitcoin ETF (IBIT) at $274.4 million.

ARK 21Shares Bitcoin ETF (ARKB) also had a strong showing, attracting $138.7 million in net inflows.

GBTC from Grayscale Bitcoin Trust had a rare inflow day, bringing in $28.2 million. This marks the seventh such day for GBTC since its conversion to a spot ETF in January.

However, GBTC has seen significant outflows totaling over $17.8 billion due to its higher management fee compared to other funds in the market.

While some Bitcoin ETFs didn’t see much demand on June 4, the overall net inflow for the day was the highest since March 12, showcasing a renewed interest in these funds.

ETF Store president Nate Geraci debunked critics who claimed there would be minimal demand for Bitcoin ETFs.

“I was told all the ‘degen retail’ investors had already bought in, but clearly, that’s not the case. The demand is real!”

Bloomberg analyst Eric Balchunas also shared positive news on X about the strong flows in Bitcoin ETFs.

Hashdex’s Bitcoin ETF (DEFI), while newer to the market, has struggled to attract inflows compared to its counterparts.

Earlier in May, the spot Bitcoin ETFs saw 15 consecutive sessions of net inflows, which combined with a rise in Bitcoin’s price, helped IBIT from BlackRock surpass $20 billion in assets under management.

Recent data shows that the ETFs attracted around $2.4 billion in new investments in the past month, making it one of the top inflows in the ETF market.

“The resilience and renewed interest in these hot sauce-type strategies are truly impressive, showing their staying power in the market,” Balchunas commented on X.

After the initial surge in interest, Bitcoin ETF inflows slowed in April but are now showing signs of picking up again after a few days of negative trends, a normal market phenomenon according to experts.


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