⭐⭐Bitcoin Hits $71k, BTC ETFs Receive $887M, Most Since March⭐⭐
On June 4, Bitcoin ETFs had $887M inflows, making it the second-highest single-day net inflow in history (Rada Mateescu). Bitcoin is trading over $71k Rada MateescuAuthor verified Jun 05, 20242 reads
Key Points
Today, Bitcoin is over $71k, up 3%.
BTC ETFs received $887 million on June 4.
Following its previous breakthrough, Bitcoin is trading over $71k. At the time of writing, BTC is up over 3%.
SoSoValue reported $887 million in net inflow for Bitcoin ETFs on June 4, the second-highest single-day net inflow in history.
BTC ETFs saw $1.05 billion inflows on March 12, a record.
Bitcoin ETF inflows and outflows yesterday:
💵Grayscale's GBTC Bitcoin ETF received $28 million.
💵IBIT, BlackRock's Bitcoin ETF, received $274 million.
💵FBTC received $379 million in net inflows.
💵Ark Invest and 21Shares' Bitcoin ETF, ARKB, received $139 million.
💵The Bitcoin ETF BITB received $61 million in net inflows.
💵VanEck's HODL Bitcoin ETF gained $4 million.
💵Valkyrie Digital Assets' Bitcoin ETF, BRRR, received $2 million.
💵The other Bitcoin ETFs saw no daily inflows or outflows.
💵As on June 3, Fidelity led crypto product inflows for the 16th day in a row on June 4.
According to the same statistics, Bitcoin ETFs had $61.4 billion in net assets.
Fidelity executive advises Bitcoin purchases
According to recent reports, Fidelity executive Matt Horne advises investors to own Bitcoin.
Yesterday, he said many conventional investors and asset managers are still wary about Bitcoin and the crypto market.
The absence of fresh asset class data is considered to blame. He added investors must comprehend why they desire Bitcoin and blockchain technology's advantages.
Horne advised a 1-5% allocation.
