Institutional Entry into Bitcoin is on the Rise: Eyes on the New Record!

Spot Bitcoin ETFs are hitting the top again after a long time.

US-based spot Bitcoin ETFs witnessed the second highest inflow in their history. According to data dated June 4, spot Bitcoin ETFs hosted a total of $886.75 million in inflows.

The record for Bitcoin ETFs was recorded at $1.05 billion on March 12. Fidelity led these inflows on Tuesday, June 4th. Fidelity’s FBTC witnessed a total inflow of $379 million. BlackRock's IBIT ranked second with a net inflow of $274 million.

Ark Invest and 21Shares' ARKB ranked third with an entry of $139 million. Grayscale's GBTC, known for its net asset outflows, witnessed the third largest inflow since January 10, withdrawing $28 million.

Cumulative total net inflows into spot Bitcoin ETFs to date are $14.85 billion.

Global interest in spot Bitcoin ETFs grows

Following the approval given by the USA on January 10, countries such as Hong Kong, South Korea and Thailand chose to follow this path. With the increasing global interest, Bitcoin's recognition and institutional reach has also increased.

Spot bitcoin ETFs have generated a total of $14.57 billion in net inflows since their inception. However, total flow volume in U.S. spot bitcoin ETFs remains lower than its peak in March, according to The Block's data dashboard.