Galaxy

Bitcoin

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin ETFs recorded $488 million in inflows on June 6, the 17th consecutive day of influxes.</li> 
 <li>BTC is trading near $71k.</li> 
</ul> 
<p>According to the latest reports coming from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, Bitcoin ETFs recorded $488 million in total net inflows on June 6, making it the 17th consecutive day of influxes in the crypto products.</p> 
<figure id="attachment_44239" aria-describedby="caption-attachment-44239" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/download-1.png"><img loading="lazy" decoding="async" class="wp-image-44239 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/download-1.png" alt="SoSoValue" width="510" height="472" title="Bitcoin Near $71k, As BTC ETFs See Inflows For 17 Consecutive Days 10" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/download-1.png 510w, https://crypto.ro/en/wp-content/uploads/2024/06/download-1-300x278.png 300w" sizes="(max-width: 510px) 100vw, 510px"></a>
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<p>The exact amounts of inflows in Bitcoin ETFs for the past 17 consecutive days are listed below:</p> 
<p><a href="https://x.com/HODL15Capital/status/1798587832765907002/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GPXeGdwaoAAo0Jg?format=jpg&amp;name=large" alt="GPXeGdwaoAAo0Jg?format=jpg&amp;name=large" width="986" height="1366" title="Bitcoin Near $71k, As BTC ETFs See Inflows For 17 Consecutive Days 11"></a></p> 
<p>Here are the inflows and outflows in BTC ETFs yesterday:</p> 
<ul> 
 <li>Grayscale’s Bitcoin ETF, GBTC recorded $15 million in inflows.</li> 
 <li>BlackRock’s Bitcoin ETF, IBIT, saw $155 million in inflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, recorded $221 million in inflows.</li> 
 <li>Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $71 million in inflows.</li> 
 <li>Bitwise’s Bitcoin ETF, BITB, recorded $19 million in inflows.</li> 
 <li>Invesco and Galaxy Digital’s Bitcoin ETF, BTCO, saw $4 million in inflows.</li> 
 <li>VanEck’s Bitcoin ETF, HODL, saw $4 million in inflows.</li> 
 <li>The other Bitcoin ETFs did not record any inflows or outflows the other day.</li> 
</ul> 
<p>The total net asset value of the Bitcoin ETFs was $62.5 billion, according to the same data.</p> 
<figure id="attachment_44238" aria-describedby="caption-attachment-44238" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie.png"><img loading="lazy" decoding="async" class="wp-image-44238 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie.png" alt="SoSoValue" width="1636" height="702" title="Bitcoin Near $71k, As BTC ETFs See Inflows For 17 Consecutive Days 12" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie-300x129.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie-1024x439.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie-768x330.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie-750x322.png 750w, https://crypto.ro/en/wp-content/uploads/2024/06/6-iunie-1140x489.png 1140w" sizes="(max-width: 1636px) 100vw, 1636px"></a>
 <figcaption id="caption-attachment-44238" class="wp-caption-text">
  SoSoValue
 </figcaption>
</figure> 
<h2 id="bitcoin-is-trading-near-71-000-amidst-optimistic-predictions">Bitcoin is trading near $71,000 amidst optimistic predictions</h2> 
<p>At the moment of writing this article, BTC is trading close to $71,000.</p> 
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<p>BTC has been recently surrounded by multiple optimistic predictions coming from important traders and analysts.</p> 
<p>For instance, Galaxy Digital’s CEO, Mike Novogratz <a href="https://crypto.ro/en/news/bitcoin-could-reach-100k-by-year-end-in-a-friendlier-crypto-climate/">believes</a> that a more positive US political environment for crypto could propel the price of BTC to $100,000 or even higher by the end of the year.</p> 
<p>Today, Robert Kiyosaki shared a post via his X account, addressing the fact that Bitcoin reaching $350,000 by August 25, 2024 is not a lie, but a prediction, an opinion, a speculation.</p> 
<p>He said that he’s confident the coin will reach the level mentioned above sometime in 2024 and he reiterated the fact that he is buying more BTC, ETH, and SOL because their prices will continue to rise. He advised traders to buy more crypto, along with gold and silver.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">BITCOIN will be $350,000 by August 25, 2024 is not a lie. It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s suckers bait, but it’s not a lie becuase any prediction about the future is not a lie. I want $350,000 BITCOIN to be a fact, and I want it to…</p> 
 <p>— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1798476195232973066?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">June 5, 2024</a></p>
</blockquote> 
<p>Willy Woo <a href="https://x.com/woonomic/status/1798582355139158518" rel="nofollow" target="_blank">commented</a> and told Kiyosaki that $2.2 trillion has to flow in Bitcoin before the coin can see such prices. He explained that BTC at $350,000 means a $6.9 trillion market cap.</p> 
<p>Woo also <a href="https://crypto.ro/en/news/why-2024-2025-bitcoin-bull-market-is-different-from-2020-2021/">shared</a> the most important differences between the 2024-2025 bull market and the one in 2020-2021.</p>

Bitcoin Near $71k, As BTC ETFs See Inflows For 17 Consecutive Days

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