The spot ETFs of Bitcoin have started regaining momentum. As per the reports, the BTC spot ETFs had a cumulative inflow of up to $105M on the 3rd of June, displaying a continuation of inflows for fifteen consecutive days. These stats have been taken from analystics platform Sosovalue.
BTC Spot ETFs Present Consistent Inflows for Fifteen Consecutive Days
As per data, GBTC (the exchange-traded fund operating under Grayscale) experienced a $0.00 net outflow per day. On the other hand, Fidelity’s Bitcoin exchange-traded fund occupied the top position with huge inflows. According to Wu Blockchain, FBTC went through an inflow of approximately $77.0482 million. On the other hand, the BTC ETF of Bitwise also witnessed some inflows.
BITB of Bitwise saw $14.3145 million in terms of inflows. Despite the remarkable performance of Fidelity and Bitwise, Grayscale’s flat status concerning inflows indicates a slump in its market demand. However, the overall boost in the ETF inflows signifies the further elevation in the market in the future. Hence, the hype around the ETF sector is rising day by day.
Grayscale ETF Shows a Flat Performance Despite the Overall Spike in the ETF Inflows
A well-known on-chain analytics provider Lookonchain also provided the data concerning the BTC ETFs. It pointed out that nine exchange-traded funds included up to 2,413 $BTC tokens (equaling $166 million). Grayscale’s GBTC decreased by nearly 12 $BTC (equaling -$809K). According to Lookonchain, GBTC presently holds almost 286,957 $BTC (nearly $19.75 billion).
Jun 3 Update:9 ETFs added 2,413 $BTC(+$166M).#Grayscale decreased 12 $BTC(-$809K) and currently holds 286,957 $BTC($19.75B).#Blackrock added 2,505 $BTC(+$172.4M) and currently holds 291,563 $BTC($20.07B).https://t.co/3pBJdgT1GC pic.twitter.com/7tbPBcpJoD
— Lookonchain (@lookonchain) June 3, 2024
The analytics platform also mentioned that Blackrock added up to 2,505 $BTC with an inclusion of up to $172.4 million. The exchange-traded fund currently holds nearly 291,563 $BTC (equaling $20.07 billion). Lookonchain said that Fidelity added nearly 87 $BTC with its current holdings reaching 164,118 $BTC.