Bitcoin News

Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll.

Data from crypto research platform Soso Value shows that spot Bitcoin ETFs saw their second-biggest day ever on June 4th with a daily total net inflow of  $886.7 million.

Its most successful day so far was on March 12th when daily total net inflow hit $1.05 billion.

The investment product already has a cumulative total net inflow of $14.85 billion as of June 4th and only saw positive inflows since May 13th.

BlackRock’s iShares Bitcoin Trust (IBIT) has the highest inflow since listing with $17 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $9 billion. ARK 21Shares Bitcoin ETF (ARKB) is third with $3 billion, followed by Bitwise Bitcoin ETF (BITB) and Invesco Galaxy Bitcoin ETF (BTCO) with $2 billion and $317 million, respectively.

Spot Bitcoin ETFs have continued to attract investor interest since receiving the green light from the U.S. Securities and Exchange Commission (SEC) in January.

New data from Bitcoin brokerage firm River show that 12 of the 25 largest US hedge funds now collectively have over $2.6 billion in Bitcoin ETF exposure. Eleven of the 25 Registered Investment Advisors (RIAs) are also invested in the product.

According to crypto intelligence platform K33 Research, the number of professional firms that invested in Bitcoin ETFs in the first three months of the year outpaced the number of firms that invested in gold ETFs in their first quarter.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Click Here to Read the Full Original Article at Bitcoin News – The Daily Hodl…