BTC Spot ETF Inflows Surge to $887 Million, Marking Second Highest Ever
CryptoNewsTerminal Staff05 Jun, 2024
BTC Spot ETF Inflows Surge to $887 Million, Marking Second Highest Ever
On June 4, approximately $887 million flowed into U.S. Bitcoin spot ETFs. This influx represents the second largest inflow to date, trailing only the $1.16 billion inflow witnessed on March 12. The inflows come amid the ongoing positive sentiment surrounding Bitcoin and the broader cryptocurrency market. Fidelity's FBTC led the surge with $378 million in inflows, followed by BlackRock's IBIT with $275 million and Ark 21Shares ARKB with $138 million. Bitwise BITB and Grayscale GBTC also saw inflows of $61 million and $28.2 million, respectively. June 4 also marked 100 trading days since the launch of the first U.S. spot Bitcoin ETF. The consistent inflows over this period indicate the growing institutional acceptance of Bitcoin and the potential for further mainstream adoption.
