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U.S. spot bitcoin exchange-traded funds (ETFs) recorded their second highest daily net inflows on June 4, attracting $886.75 million. This influx is second only to the March 12 peak of $1.05 billion. Leading the charge, Fidelity’s FBTC saw the largest net inflows at $379 million, followed by BlackRock’s IBIT with $274 million. To date, cumulative net inflows stand at $14.85 billion.
Additional contributions came from Ark Invest and 21Shares’ ARKB, which recorded $139 million, and Bitwise’s BITB with $61 million. Grayscale’s GBTC drew $28 million, marking its third largest net inflows since conversion. Other ETFs from VanEck and Valkyrie saw single-digit inflows. These inflows marked the 16th consecutive day of positive net inflows for the 11 spot bitcoin ETFs, just shy of the record streak from January to mid-February.
Since their inception, spot bitcoin ETFs have amassed a total net inflow of $14.57 billion. Despite the recent surge, the total volume of flows remains below the March peak. This trend underscores the growing investor confidence and interest in bitcoin ETFs as a robust investment vehicle.