On June 3, 2024, the Bitcoin ETF market experienced a noteworthy influx of $105 million, marking the 15th consecutive day of positive inflows. Fidelity’s ETF (FBTC) recorded the highest inflow of the day, amounting to $77 million. This substantial contribution played a crucial role in the overall positive net inflow.
Grayscale (GBTC) and BlackRock (IBIT) both experienced a net flow of $0, indicating that these significant ETFs maintained stable positions. However, despite this, the overall market sentiment remains positive.
In addition to this, Australia launched its first spot Bitcoin ETF on June 3, 2024. This ETF directly holds Bitcoin, signifying a significant development in the global cryptocurrency market and reflecting the growing institutional interest and adoption.
The consistent positive net inflows into Bitcoin ETFs and the introduction of new ETFs, such as the one in Australia, indicate a strong and sustained interest in Bitcoin among institutional investors. This trend is expected to influence Bitcoin’s market dynamics in the upcoming months.