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Spot <a href="https://insidebitcoins.com/news/bitcoin-etfs-to-see-new-wave-of-inflows-from-sovereign-wealth-funds-pensions-blackrock-says" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> (exchange-traded funds) in the US have recorded daily net inflows for 17 consecutive days, matching the longest positive streak.
The 11 newly-launched funds racked up $488.24 million in net inflows on Jun. 5, just a day after they posted their second-highest daily net inflows since their launch. All of the ETFs either posted net inflows or zero flows yesterday.
<img decoding="async" src="https://imiblockchain.com/wp-content/uploads/2021/06/how-to-trade-bitcoin-768x403.jpg" alt="What Is Bitcoin Trading: How To Trade Bitcoin For Profit">
<h2 id="span-style-font-weight-400-fidelity-s-fbtc-leads-the-pack-in-inflows-span">Fidelity’s FBTC Leads The Pack In Inflows</h2>
Fidelity’s FBTC saw the largest net inflows on Jun. 5 after pulling in $221 million, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">SosoValue</a> data. BlackRock’s IBIT came in at second place with its $155 million inflows.
Ark Invest and 21Shares’ ARKB and Bitwise’s BITB occupied the third and fourth positions, respectively. This was after $71 million entered ARKB’s reserves, and as investors poured $19 million into BITB. Meanwhile, Invesco and Galaxy Digital’s fund equaled the $4 million inflows recorded by VanEck’s fund on the same day.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 📊 Bitcoin ETF Tracker | 2024-06-05
 🟩 Daily Total Net Inflow +$488.24M 💰 Total Value Traded $2.09B 🏦 Total Net Assets $62.56B 📊 ETF Market Value Ratio 4.46%
 🥇 Net Inflows/Outflows for Each ETF 🟩 FBTC +$220.64M 🟩 IBIT +$155.43M 🟩 ARKB +$71.40M 🟩 BITB +$18.60M 🟩 GBTC… <a href="https://t.co/cUwJ3aFmWU" rel="noopener noreferrer nofollow">pic.twitter.com/cUwJ3aFmWU</a>
 — SoSo Value (@SoSoValueCrypto) <a href="https://twitter.com/SoSoValueCrypto/status/1798591549254857172?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
All of the funds recorded an uptick in trading activity as well, reaching $2.09 billion in volumes yesterday. Although this was less than the $2.78 billion activity experienced the day before, it is more than the $1.78 billion registered on Jun. 4.
<h2 id="span-style-font-weight-400-more-than-600-institutions-have-investments-in-spot-bitcoin-etfs-span">More Than 600 Institutions Have Investments In Spot Bitcoin ETFs</h2>
13F filings with the US Securities and Exchange Commission (SEC) show that <a href="https://insidebitcoins.com/news/jpmorgan-morgan-stanley-and-ubs-among-more-than-600-firms-invested-in-spot-bitcoin-etfs-filings-show" rel="noopener noreferrer nofollow">over 600 firms</a>, including Morgan Stanley, JP Morgan and UBS, have poured billions of dollars into spot Bitcoin ETFs.
Millennium Management was the biggest investor with $1.9 billion, the majority of it in BlackRock’s IBIT.&nbsp;
Morgan Stanley emerged as one of the biggest investors as well. Meanwhile, filings from JPMorgan, Wells Fargo, UBS, BNP Paribas and the Royal Bank of Canada revealed that they all had investments in spot BTC ETFs.
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Spot Bitcoin ETFs Record 17 Days Of Net Inflows, Matching Longest Streak

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