Bitcoin Spot ETF in the US Records Best Performance Since March
Bitcoin Spot ETF in the US Records Best Performance Since March
On June 4, spot Bitcoin ETFs in the United States experienced a significant inflow, reaching $886.6 million. This surge in investment came as the price of Bitcoin (BTC) rose by 3% to $71,000 within the last 24 hours.
According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund (FBTC) led the way with the largest inflow of $378.7 million, followed by BlackRock's iShares Bitcoin Trust (IBIT) with an inflow of $274.4 million.
Other Bitcoin ETFs also showed impressive performance, notably the ARK 21Shares Bitcoin ETF (ARKB) with an inflow of $138.7 million. Meanwhile, other ETFs recorded inflows below $100 million.
On the flip side, Bitcoin ETFs from Invesco Galaxy, Franklin Templeton, WisdomTree, and Hashdex saw no demand, with these issuers reporting no inflows for the period.
Best Performance Since March
This surge in inflows marks the "best day" since March, registering the second-highest combined inflow since the launch of 11 Bitcoin ETFs in January. The highest net inflow previously occurred on March 12, reaching $1.04 billion, just a day before Bitcoin hit an all-time high (ATH) of $73,679.
"Fidelity is not playing around, with massive inflows today for The Ten, totaling almost $1 billion. This is the second-best day ever since mid-March," said Bloomberg ETF analyst Eric Balchunas in a post on X.
Bitcoin ETFs have significantly attracted institutional investors seeking direct exposure to the largest cryptocurrency. Beyond the US, various regions have also started adopting crypto ETFs.
On June 4, Australia began trading its first spot Bitcoin ETF, with Bitcoin holdings stored directly. Additionally, Thailand recently launched its spot Bitcoin ETF, becoming the first country in Southeast Asia and the second in Asia, after Hong Kong, to offer this investment product.
Conclusion
The recent surge in inflows into spot Bitcoin ETFs in the United States, reaching $886.6 million on June 4, underscores the growing institutional interest and confidence in cryptocurrency investments. This significant movement, led by major funds such as Fidelity's Wise Origin Bitcoin Fund and BlackRock's iShares Bitcoin Trust, reflects the resilience and appeal of Bitcoin, even amidst market fluctuations. The best performance since March highlights a renewed vigor in the market, with institutional investors actively seeking exposure to Bitcoin. Furthermore, the global adoption of Bitcoin ETFs, evidenced by recent launches in Australia and Thailand, signifies a broader acceptance and integration of cryptocurrency into mainstream financial markets. This trend suggests a robust future for Bitcoin ETFs as key investment vehicles.
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