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Bitcoin ETFs See $887 Million Inflows on June 4, Marking 16th Straight Day, BTC Tops $71,000

Jun 5, 2024, 07:58 AM

On June 4, 2024, U.S. spot Bitcoin ETFs experienced their second-highest single-day net inflows ever, totaling $887 million. This marked the 16th consecutive day of net inflows for Bitcoin ETFs. Fidelity's FBTC led the inflows with $379 million, followed by BlackRock's IBIT with $274 million, and Ark Invest's ARKB with $139 million. Bitwise's BITB saw an inflow of $61 million, while Grayscale's GBTC had an inflow of $28.1957 million. The total net inflows since inception have now reached nearly $15 billion. Bitcoin's price surged to over $71,000 following these substantial inflows, reflecting a 2.6% increase in the past 24 hours and nearly 11% over the past month. Approximately 12,600 coins were bought, and BTC futures open interest surged to new yearly highs.