Bitcoin Spot ETFs Regain Momentum with Consistent Inflows for 15 Days
According to reports, Bitcoin spot ETFs have been gaining momentum lately. On June 3rd, these ETFs recorded a cumulative inflow of $105 million, marking 15 consecutive days of inflows. The data comes from analytics platform Sosovalue.
Among the spot ETFs, GBTC, operated by Grayscale, experienced no net outflow on a daily basis. However, Fidelity’s Bitcoin ETF stood out with significant inflows. Wu Blockchain reported that FBTC saw an inflow of approximately $77.0482 million. Bitwise’s BTC ETF also witnessed some inflows, with BITB recording $14.3145 million.
Despite Fidelity and Bitwise’s strong performance, Grayscale’s flat status in terms of inflows indicates a decline in market demand for their ETF. Nevertheless, the overall increase in ETF inflows suggests a promising future for the market. As a result, the hype around the ETF sector continues to grow.
In addition to Sosovalue, well-known on-chain analytics provider Lookonchain also provided data on BTC ETFs. It revealed that nine ETFs held a total of 2,413 BTC tokens, equivalent to $166 million. Grayscale’s GBTC saw a decrease of 12 BTC, amounting to -$809K. Lookonchain reported that GBTC currently holds 286,957 BTC, valued at approximately $19.75 billion.
In terms of Blackrock, Lookonchain stated that the company added 2,505 BTC, worth $172.4 million. Currently, Blackrock’s ETF holds 291,563 BTC, totaling $20.07 billion. Fidelity also made a contribution, adding 87 BTC to their holdings, which now stands at 164,118 BTC.
Tags: ETF