The United States has witnessed a surge in the inflow of spot Bitcoin ETFs following Bitcoin's price surge above $71,000. Recent data indicates that total Bitcoin ETF inflows reached nearly $500 million in a day, with Fidelity's FBTC emerging as a prominent player in the market, challenging BlackRock's dominance. Fidelity's Bitcoin ETF FBTC saw a substantial $220 million inflow on June 5th, contributing to a two-day total close to $600 million, and boosting its assets under management (AUM) to over $9.5 billion. Despite Fidelity's growth, BlackRock's IBIT maintains a double AUM compared to FBTC. On June 5th, Bitcoin spot ETFs recorded a significant net inflow of $488 million, marking the 17th consecutive day of positive inflows.

Expert insights on Bitcoin ETFs play a crucial role in understanding market dynamics. Grayscale's ETF GBTC observed a $14.58 million inflow in a single day, while Fidelity's ETF FBTC attracted $221 million and BlackRock's ETF IBIT drew $155 million. The cumulative net inflow into Bitcoin spot ETFs has now exceeded an impressive $15.338 billion, with spot Bitcoin ETFs purchasing 27 times the daily mined Bitcoins. CEO of Franklin Templeton commented on the initial wave of Bitcoin ETF adopters and projected a larger influx of institutional participants in the future.

CEO Jenny Johnson highlighted the current bullish market sentiment and emphasized the potential entrance of significant institutional players into the Bitcoin ETF market. Despite its growth, Franklin Bitcoin ETF has an AUM of over $420 million, making it a smaller player compared to other major competitors.