BTC Spot ETF Experiences Inflow of $490 Million on June 5th
CryptoNewsTerminal Staff06 Jun, 2024
BTC Spot ETF Experiences Inflow of $490 Million on June 5th
Bitcoin Spot ETFs See Surge in Investment On June 5th, cryptocurrency platform Farside Investors and analyst HODL15Capital reported a substantial net inflow of $490 million into US Bitcoin spot ETFs. This marks an impressive 18 consecutive trading days of positive inflows. Fidelity Investments' FBTC ETF led the inflows with a significant $220 million, followed by $156 million in BlackRock's IBIT. ARK 21Shares and Bitwise BITB also experienced inflows of $71.4 million and $18.5 million, respectively. Grayscale's GBTC contributed $14.6 million. Notably, all Bitcoin spot ETFs recorded inflows on June 5th, indicating a widespread bullish sentiment among investors. This extended inflow period suggests growing interest and adoption of Bitcoin as an investment asset. As such, the continuation of these inflows could have a positive impact on the overall cryptocurrency market.
