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Bitcoin ETFs See Nearly $900 Million in Daily Inflows, Led by BlackRock and Fidelity

Jun 4, 2024, 05:16 PM

Bitcoin ETFs have seen significant inflows, with nearly $900 million in net inflows in a single day, marking the second-best day on record. BlackRock and Fidelity are leading the charge, with BlackRock adding 3,893 BTC ($275 million) and Fidelity adding 5,380 BTC ($379 million). This surge in inflows has extended the positive streak to 16 consecutive trading days. Other notable inflows include ARK with $138.7 million, Bitwise with $61 million, Grayscale with $28.2 million, and IBIT with $275 million. The total volume for Bitcoin ETFs has reached $280 billion, indicating strong institutional interest and rising investor confidence. The realized market cap of Bitcoin is approaching $600 billion, signaling increased confidence post-halving.