Galaxy

Bitcoin

Spot

Daily

<h2 id="key-points">Key Points</h2>
<ul>
 <li>US spot bitcoin ETFs observed a total daily net inflow of $488.24 million on Wednesday.</li>
 <li>The 17-day streak of daily net inflows matched the longest positive flow streak recorded earlier this year.</li>
</ul>
<h2 id="bitcoin-etfs-in-us-witness-significant-daily-inflows">Bitcoin ETFs in US Witness Significant Daily Inflows</h2>
<p>Spot bitcoin exchange-traded funds in the US reported total daily net inflows of $488.24 million on Wednesday. All 11 funds recorded either net inflows or zero flows, following the second-largest daily net inflows recorded on Tuesday.</p>
<p>Fidelity’s FBTC led the net inflows, attracting $221 million on Wednesday, as per data from SosoValue. BlackRock’s IBIT saw the second-largest net inflows among the funds, with an addition of $155 million.</p>
<h2 id="multiple-funds-report-net-inflows">Multiple Funds Report Net Inflows</h2>
<p>Ark Invest and 21Shares’ ARKB welcomed $71 million, while Bitwise’s BITB reported daily net inflows of $19 million. Grayscale’s GBTC recorded net inflows of $15 million, marking its second consecutive day of net inflows. VanEck’s fund and Invesco and Galaxy Digital’s fund each posted $4 million in net inflows.</p>
<p>This marked the 17th consecutive day for the 11 spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs to post daily net inflows, matching the longest positive flow streak recorded in January and February.</p>
<p>The total trading volume of the 11 products amounted to $2.09 billion on Wednesday, compared to $2.78 billion on Tuesday and $1.78 billion on Monday. Bitcoin traded flat at around $70,900 at the time of writing.</p>

Record-Breaking Bitcoin ETFs in US Mark $488M Daily Inflows in Unmatched Streak

Table of Contents

crypto.ro global

Other articles published on Jun 6, 2024

Litecoin (LTC) Reaches Historic 250 Million Transaction: Details

Cardano Aims for $0.6 as Whale Interest Spikes: Will Bulls Hold the ADA Price?

Best Presale in 2024: MoonBag Enjoys Massive Presale Success Amid Arbitrum’s Woes and Dogeverse’s...

Bitcoin Surges with Stocks Following ECB Rate Cut and US Unemployment Reports

310 Million Dogecoin (DOGE) Disappears into Unknown After Robinhood News Hits

Toncoin Reaches New All-Time High Amid Bullish Momentum

Join our free newsletter for daily crypto updates!