Key Points
- Bitcoin ETFs recorded $488 million in inflows on June 6, the 17th consecutive day of influxes.
- BTC is trading near $71k.
According to the latest reports coming from SoSoValue, Bitcoin ETFs recorded $488 million in total net inflows on June 6, making it the 17th consecutive day of influxes in the crypto products.
The exact amounts of inflows in Bitcoin ETFs for the past 17 consecutive days are listed below:
Here are the inflows and outflows in BTC ETFs yesterday:
- Grayscale's Bitcoin ETF, GBTC recorded $15 million in inflows.
- BlackRock's Bitcoin ETF, IBIT, saw $155 million in inflows.
- Fidelity's Bitcoin ETF, FBTC, recorded $221 million in inflows.
- Ark Invest and 21Shares' Bitcoin ETF, ARKB, recorded $71 million in inflows.
- Bitwise's Bitcoin ETF, BITB, recorded $19 million in inflows.
- Invesco and Galaxy Digital's Bitcoin ETF, BTCO, saw $4 million in inflows.
- VanEck's Bitcoin ETF, HODL, saw $4 million in inflows.
- The other Bitcoin ETFs did not record any inflows or outflows the other day.
The total net asset value of the Bitcoin ETFs was $62.5 billion, according to the same data.
Bitcoin is trading near $71,000 amidst optimistic predictions
At the moment of writing this article, BTC is trading close to $71,000.
BTC has been recently surrounded by multiple optimistic predictions coming from important traders and analysts.
For instance, Galaxy Digital’s CEO, Mike Novogratz believes that a more positive US political environment for crypto could propel the price of BTC to $100,000 or even higher by the end of the year.
Today, Robert Kiyosaki shared a post via his X account, addressing the fact that Bitcoin reaching $350,000 by August 25, 2024 is not a lie, but a prediction, an opinion, a speculation.
He said that he's confident the coin will reach the level mentioned above sometime in 2024 and he reiterated the fact that he is buying more BTC, ETH, and SOL because their prices will continue to rise. He advised traders to buy more crypto, along with gold and silver.
Willy Woo commented and told Kiyosaki that $2.2 trillion has to flow in Bitcoin before the coin can see such prices. He explained that BTC at $350,000 means a $6.9 trillion market cap.
Woo also shared the most important differences between the 2024-2025 bull market and the one in 2020-2021.
