Key Points
- Bitcoin is trading near $69k as BTC ETFs recorded inflows of $105 million yesterday.
- June 3 was the 15th consecutive day of total net inflows in BTC ETFs with Fidelity’s FBTC as leader.
Bitcoin is currently trading close to the important level of $69k, after surpassing $70,000 on June 3.
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According to the latest reports coming from SoSoValue, the total net inflows in Bitcoin ETFs was $105 million the other day.
Here are the inflows and outflows recorded by the crypto products yesterday:
- Fidelity’s Bitcoin ETF, FBTC, saw $77 million in inflows.
- Ark Invest and 21Shares’ Bitcoin ETF, ARKB, recorded $11 million in net inflows.
- Bitwise’s Bitcoin ETF, BITB, recorded $14 million in inflows.
- VanEck’s Bitcoin ETF, HODL, recorded $2 million in inflows.
- WisdomTree’s Bitcoin ETF, BTCW, recorded $1 million in inflows.
- Grayscale’s Bitcoin ETF, GBTC, and BlackRock’s BTC ETF, IBIT, did not record any inflows or outflows.
June 3 was the 15th consecutive day in which Bitcoin ETFs recorded net inflows.
The total net asset value of the Bitcoin ETFs was $59.4 billion, according to the same data.
May recorded $2 billion in crypto inflows with Bitcoin leading the way
Crypto funds marked a fourth consecutive week of inflows according to the latest reports. The final week of May saw $185 million in weekly inflows, with a total monthly inflow of $2 billion.
This pushed the year-to-date capital inflow above $15 billion.
Most of the weekly inflows came from the US, but, on the other hand, the reports also showed outflows of $260 million in the country.
Most of the weekly inflows were in Bitcoin which recorded $148 million in investment flows. Short Bitcoin funds saw $3.5 million in weekly outflows. The monthly total in outflows was $12.5 million, which suggests that there is still a positive sentiment among Bitcoin investors.
Bitcoin continues to remain surrounded by optimistic predicitons, with a breakout looking inevitable, despite the latest political events in the US.
