A record 887 million USD of capital flow was poured into $BTC ETFs
Spot Bitcoin ETFs in the United States saw their second-best overall inflow day ever at $887 million.
According to data from Farside Investor and the X account HODL15Capital, Fidelity Wise Origin Bitcoin Fund (FBTC) saw the largest inflows at $378.7 million while BlackRock's iShares Bitcoin Trust (IBIT) ranked second two with 275 million USD.
ARK 21Shares Bitcoin ETF (ARKB) is the third best performing fund with net inflows of more than $138 million.
This is the highest net inflow the funds have seen since March 12, when they pulled in a record $1.04 billion. Bitcoin hit an all-time high of $73,679 a day later.
ETF Store President Nate Geraci has hit back at Bitcoin critics, who he said have claimed that a Bitcoin ETF will have little demand. “I was informed several months ago that all “degen retail” investors who wanted to buy had already done so,” Geraci wrote.
According to Bitcoin ETFs from Invesco Galaxy, Franklin Templeton, WisdomTree and Hashdex, which have not seen any demand, each issuer recorded no inflows on June 4. This comes as Bitcoin has been on the rise. 2.9% to 71,000 USD in the last 24 hours. CoinGecko.
