Bitcoin ETFs Heats Up

Investors are piling into U.S. spot Bitcoin exchange-traded funds (ETFs) at an impressive clip.

On June 4th, these funds recorded their second-highest daily net inflow ever, pulling in a staggering $886.75 million

This follows a trend of sixteen consecutive days of net inflows, highlighting the growing appetite for Bitcoin exposure among mainstream investors. Fidelity’s FBTC led the charge on Tuesday, contributing $379 million, followed closely by BlackRock’s IBIT at $274 million. These two giants of the financial world are clearly recognizing the potential of Bitcoin and offering their clients convenient ways to participate.

While the inflows haven’t quite reached the record-breaking $1.05 billion seen on March 12th, the momentum is undeniable. Other notable inflows came from Ark Invest/21Shares’ ARKB ($139 million) and Bitwise’s BITB ($61 million). Even Grayscale’s GBTC, which isn’t a true spot ETF, saw its third-largest net inflow ever at $28 million.

This surge in investor interest isn’t surprising. Spot Bitcoin ETFs offer a secure and regulated way to gain exposure to the world’s leading cryptocurrency, without the complexities of directly owning and managing Bitcoin itself.

While the total volume of inflows hasn’t hit March’s peak yet, the consistency is impressive. This 16-day streak of net inflows is just one day shy of the record set in January and February. With Bitcoin’s price showing signs of recovery, it will be interesting to see if this trend continues and if a new record is set in the near future.

Also more and more countries are launching their Bitcoin ETFs assets , lately we have seen Australia and Thailand launch theirs and we expect much more to come. Bitcoin future keeps looking very bright with more and more exponential figure supporting it like the VanEck CEO which said Bitcoin will eventually become at least half the market cap of gold and institution like PayPal and Mastercard supporting crypto adoption.

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