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Spot Bitcoin ETFs remain an important tool for cryptocurrency investors. As of yesterday, we see continued inflows into spot Bitcoin ETFs. The overall optimistic market sentiment positively reflects on the ETF front. Beyond short-term expectations, high long-term expectations from ETFs play a significant role in investor preferences. Here are yesterday’s figures.
Yesterday’s Figures in Spot Bitcoin ETFs
Bitcoin, the flagship of cryptocurrencies, was trading at $69,124 at the time of writing. We saw Bitcoin price break the $70,000 level at one point yesterday. However, the price couldn’t hold there and retreated. When Bitcoin prices rise, there’s also activity on the ETF front. Yesterday’s figures revealed some interesting data.
Looking at the data, there has been a $20 billion inflow so far, but there was no inflow to BlackRock yesterday. Similarly, there were no outflows from Grayscale, which is known for its outflows, and both ETFs recorded zero activity yesterday.
Invesco, Franklin, Valkyrie, and Hashdex also recorded zero activity. There were no inflows to these ETFs. With no outflows either, they ended the day neutrally.
Highlights of Yesterday’s Inflows
Yesterday’s data shows a total inflow of $105.12 million into Bitcoin ETFs. Fidelity stood out as the champion with a $77 million inflow. Bitwise followed with a $14 million inflow, while Ark Invest attracted attention with an $11 million inflow.
VanEck’s Bitcoin ETF saw a $2 million inflow, and finally, WisdomTree’s Bitcoin ETF received a $1 million inflow. As of June 3, the total assets of spot Bitcoin ETFs stand at $59.42 billion. This indicates high expectations for Bitcoin ETFs and suggests an anticipated increase in BTC prices.
As seen in the graph, the figures can help investors compare Spot Bitcoin ETFs and choose the most suitable investment tools. Investors need to consider net assets, daily and cumulative net inflows, trading volume, and fee ratios when making decisions. Lastly, let’s note that the inflows into Bitcoin ETFs continue without slowing down.
