Bitcoin
Bitcoin Spot ETF Net Inflow Reaches $886.75 Million on June 4, Second Highest Ever
On June 4, Bitcoin spot ETFs recorded a net inflow of $886.75 million, the second largest intraday net inflow in history, led by Fidelity’s $379 million and BlackRock’s $274 million.
According to data from sosovalue, several high-performing Bitcoin spot ETFs contributed to this capital flow. Leading the pack was the Fidelity Wise Origin Bitcoin Fund (FBTC), which attracted a substantial $379 million. FBTC reported a slight premium/discount of +0.14% and holds a net asset value (NAV) of $12.01 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) recorded an inflow of $274 million. Meanwhile, the Grayscale Bitcoin Trust (GBTC) recorded an inflow of $28.20 million. This marked GBTC’s first net inflow since May 20. The ETF has been witnessing outflows and zero inflows since May 20th, especially seeing a massive outflow of $134 million on May 31st.
Other significant ETFs include the Ark 21Shares Bitcoin ETF (ARKB) and the Bitwise Bitcoin ETF (BITB). ARKB had an inflow of US$139 million, while BITB attracted US$61 million. Other Bitcoin spot ETFs have seen negligible capital inflows, with no products recording outflows. The last time this happened was on May 24th.
Accumulated Net Assets and Market Share
Everyone’s cumulative net assets Bitcoin spot ETFs reached US$61.46 billion on June 4, reflecting an increase of 4.43%. The total value negotiated was US$2.78 billion, demonstrating active participation and confidence in the market.
The market prices of major ETFs showed positive daily changes due to Bitcoin’s recent rally, which surpassed $70,000. GBTC closed at $62.62 with a daily change of +1.80%. IBIT registered a market price of US$40.17, reflecting a daily change of +1.85%. FBTC was quoted at US$61.67, also showing a daily variation of + 1.85%.
The crypto community continues to engage in discussions about which cryptocurrency will secure the next ETF slot, following US SEC approval for Ethereum-based ETFs. A recent survey revealed that 63% of participants believe that XRP is the most likely candidate, followed by 25.9% supporting Solana and 11.1% voting for other cryptocurrencies.
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It is crucial to note that BlackRock’s IBIT product briefly had overcome Grayscale’s GBTC as the largest Bitcoin ETF, as highlighted by Arkham Intelligence on May 29.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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