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US Spot Bitcoin ETFs Experience $105 Million Daily Inflows for 15th Consecutive Day

Jun 4, 2024

US spot Bitcoin exchange-traded funds (ETFs) garnered $105.12 million on Monday, marking a 15th successive day of net inflows, making it the second-longest positive streak since their inception. In the last 15 days, a cumulative inflow of over $2.28 billion has streamed into 11 ETFs.

Leading the pack in net inflows was Fidelity's FBTC with $77 million, as per SoSoValue data. Following closely, Bitwise's BITB recorded $14 million, while Ark Invest and 21Shares' ARKB added $11 million each. Conversely, the two largest spot Bitcoin ETFs, BlackRock and Grayscale, reported no new flows on Monday. VanEck and WisdomTree's spot ETFs witnessed marginal inflows, each registering less than $2 million.

The transparency of these consecutive inflows indicates burgeoning investor trust and interest in Bitcoin as a feasible asset class. Despite this positive trend, the aggregate flow volume in US spot Bitcoin ETFs remains notably lower than the peak noted in March.

Globally, crypto investment products have garnered substantial involvement. According to CoinShares' recent report, these products attracted over $2 billion in interest last month, propelling year-to-date net inflows to exceed $15 billion. Financial experts attribute this consistent inflow to multiple factors, including heightened market positivity and the escalating interest from institutional investors seeking exposure to Bitcoin through regulated financial tools. This article does not provide investment advice.

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